August 25, 2020 – Bravaldo Capital Advisors, Inc. (“BCA”) is pleased to announce the successful refinancing of its client, Red Clay Consulting, Inc. (“Red Clay”) by BBVA USA. Red Clay is an Atlanta-based leading boutique consultancy for the utility industry, delivering technical and business solutions on customer information systems, customer experience, meter data management systems, mobile field applications, LodeStar, and load profiling & settlement. BCA arranged a senior revolving loan facility and senior term loan, which were used to pay off existing indebtedness and provide liquidity for working capital and growth.
Paul Marnell, Co-Founder and Managing Partner of Red Clay, noted, “Despite the significant uncertainty in the debt capital markets, BCA advised us to remain patient and to trust in their capital sourcing process. They were able to locate the right partner for Red Clay that believes in our company and its growth potential. We look forward to building our partnership with BBVA and continuing our plans for corporate growth.”
Don Bravaldo, President of Bravaldo Capital Advisors, added, “We are grateful to have worked with such a dynamic growth company such as Red Clay. Founders, Paul Marnell and Michael Cocroft and the Red Clay team have created a first-class boutique consulting firm that has grown and effectively adapted its business model both pre-and post-pandemic. This will be an exciting new partnership between Red Clay and BBVA, which is a forward-looking financial institution that is intentional about adding clients during a difficult time of uncertainty in our country. We are excited about BBVA’s commitment to provide access to working capital to support Red Clay’s continued growth.”
Red Clay Consulting, Inc. (www.redclay.com) is an Atlanta-based leading boutique systems integration and consulting firm, Gold level Oracle partner, helping utilities modernize through technology and business solutions, leveraging Oracle Cloud Utilities Solutions and backed by a zero-fail reputation.
BBVA USA Bancshares, Inc. (www.bbvusa.com) is a Sunbelt-based bank holding company whose principal subsidiary, BBVA USA, operates 637 branches in Texas, Alabama, California, Florida, Colorado and New Mexico, and commercial and private client offices throughout the U.S. BBVA USA ranks among the top 25 largest U.S. commercial banks based on deposit market share and ranks among the largest banks in Alabama (2nd), Texas (4th) and Arizona (5th). BBVA USA was recently recognized by Global Finance magazine as one of the World’s best Corporate/ Institutional Digital Banks in North America, naming us a winner in the subcategories of Best Mobile Adaptive Site and Best Mobile Banking App.
Bravaldo Capital Advisors, Inc. (www.bravaldocapitaladvisors.com) is a boutique Atlanta based mergers & acquisitions and corporate finance advisory firm, providing independent economic and financial advice and execution services for lower middle market companies in a variety of industries with revenues typically between $10 million and $300 million. BCA offers a full range of transaction and advisory services, guiding clients through sell-side transactions and exit strategy planning, growth through acquisition, debt restructuring and corporate recapitalization. The BCA team is a senior deal team with extensive knowledge and insight into the full life cycle of M&A and corporate finance engagements.