TAB Bank expanded a financing relationship with an existing client in the infrastructure products business, increasing the company’s working capital facility to $22.4 million.

The relationship was first formed in January of this year to allow the company to execute its strategic growth objectives. Shortly after closing the initial facility, the company had an opportunity to acquire its biggest competitor and create the largest integrated supplier of infrastructure and paving products and solutions to heavy and highway contractors throughout the country.

TAB Bank looks forward to continuing this relationship and partnering with the newly combined entity and its world class management team to execute its strategic plan and meet its working capital needs as the company continue to evolve and expand.

TAB Bank provides custom working capital solutions to commercial businesses across a wide range of industries. These solutions can be customized to meet the needs of companies in all stages of the business life cycle and during any economic conditions. TAB Bank does this through a variety of asset-based structures including asset-based revolving loans, accounts receivable financing, lines of credit, and equipment finance.