As part of the transaction, EKB assisted City Transfer and Augusta Recyclers to:
- Enter into new credit facilities;
- Negotiate and enter into long-term agreements with service providers;
- Retire indebtedness under City and Augusta’s existing mortgage and working capital loans.
Run by the Long family since 1947, City Transfer is a leading provider of freight transfers, transportation services and logistics for BC’s water-locked coastal communities. EKB provided City Transfer with strategic advice for structuring and executing on each component of the transaction.