Case Study

McDonald Technologies International, Inc. ("McDonald") was formed in 1964 to provide photographic equipment and specialty chemicals. In 1981, Pip Sivakumar, the current President and CEO, acquired the company and began the transition to electronics manufacturing services ("EMS"). Located in Farmers Branch, Texas, McDonald is a leading EMS company specializing in high mix low volume services offering cost effective solutions to address its customer's complex product and assembly requirements.

In 2006, an advisor to McDonald approached Aspen with a request that Aspen assist the Company in securing capital to pay off debt that was scheduled to mature within 30 days. If the debt was not repaid, the terms of the debt were such that the management of the Company would have seen their equity stakes significantly diluted. Despite the quick timeline, Aspen focused its resources and was able to secure $7 million in preferred equity for the company from a private equity sponsor. By partnering with Aspen on this transaction, McDonald was able to not only repay its indebtedness, but more importantly protect the ownership interests of management.

We view this transaction as a prime example of our ability to react rapidly to a client's pressing need.

“Aspen's ability to quickly and successfully secure the capital we needed enabled us to protect what we had built over the past 25 years.”
Pip Sivakumar, President and CEO, McDonald Technologies