Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the close of a $20 million senior secured loan with Mersino Management, a leading provider of pumping and dewatering solutions.
"Mersino's leading pump technology coupled with their core dewatering competencies allows them to set the best-in-class standard for their industry," said Stuart Armstrong, CEO of Great Rock Capital. "The Mersino family embodies the characteristics we look for when partnering with middle market family-run companies – they take great pride in their business, value their employees, and have a long-term vision for growth."
The new capital will enable Mersino to expand all of its core businesses, including Equipment Rentals and Sales, Pumping and Dewatering Services, Trenching and Power Generation. Mersino is a 30-year-old family owned and operated business whose most valuable asset is their culture that inspires a dedication to customer service.
"The team at Great Rock quickly understood our growth potential and creatively crafted a loan structure to meet our specific requirements," commented Gino Mersino, Chief Executive Officer of Mersino Management. "Their speed and flexibility have enabled us to pursue new business opportunities that might have otherwise been lost. We are excited about this partnership and what it means for the future of our business."
About Mersino Management
Mersino is a single source for pumping services, contract dewatering, one-pass trenching, power generation and drilling. Mersino was founded in 1988 by Rod Mersino. Based in Michigan, Mersino serves customers throughout the United States and Canada, and has offices in Baltimore, Pittsburgh, Michigan City, Omaha, Houston, Daytona, and Tampa. Coming from an extensive background in specialized drilling and construction site dewatering, Mersino has evolved into a multi-faceted corporation able to engineer and deploy a full-service approach to groundwater control and pumping solutions. To learn more, visit http://www.mersino.com/.
About Great Rock Capital
Great Rock Capital is an asset-focused commercial finance company specializing in serving the needs of middle-market companies with a wide variety of secured lending products. Great Rock Capital provides fast, flexible and creative financing solutions to maximize its customers' liquidity to enable them to better execute their business plans. To learn more, visit http://greatrockcapital.com/.