Latest news with #ACF
Yahoo
14 hours ago
- Business
- Yahoo
Ares Commercial Finance and Ansley Park Capital Provide Asset Based and Equipment Financing to Shimmick Corporation
NEW YORK, May 28, 2025--(BUSINESS WIRE)--Ares Commercial Finance ("ACF") announced today that it has provided a $15 million senior secured revolving line of credit to Shimmick Corporation ("Shimmick" or the "Company"), an Irvine, California-based infrastructure solutions provider in water, climate resilience, energy transition and sustainable transportation. Ansley Park Capital ("Ansley Park"), an affiliate of Ares Management, provided a complementary $15 million machinery and equipment term loan, the combination of which delivered a complete financing solution. "Our goal from the beginning was to provide Shimmick with a one-stop solution for working capital and equipment finance needs," said Mitch Drucker, Partner, Ares Commercial Finance. "Ares and Ansley Park worked in lockstep to customize a credit facility that met Shimmick's immediate and longer-term financing goals. We look forward to supporting the Company as they manage their robust pipeline of projects in 2025 and beyond." Speaking on behalf of Ansley Park Capital, Michael Gay, Executive and Chief Commercial Officer, said: "We are proud to invest in a company that has consistently delivered high-impact infrastructure solutions for over 30 years. Our customized financing approach ensures that experienced operators have access to the capital they need to optimize performance and pursue long-term growth." Proceeds from the working capital financing will be used to refinance existing indebtedness and provide the Company additional liquidity. About Shimmick Corporation Shimmick Corporation ("Shimmick", the "Company") (NASDAQ: SHIM) is an industry leader in delivering turnkey infrastructure solutions that strengthen critical markets across water, energy, climate resiliency, and sustainable transportation. We integrate technical excellence with collaborative project delivery methods to provide innovative, technology-driven infrastructure solutions that accelerate economic growth and empower communities nationwide. With a track record that spans over a century, Shimmick, headquartered in California, unites deep engineering heritage with entrepreneurial spirit to tackle today's most complex infrastructure challenges. For more information, visit About Ares Commercial Finance Ares Commercial Finance is the commercial finance platform of Ares Management Corporation. ACF provides credit facilities up to $500 million to middle market and lower-middle market companies. ACF addresses a wide scope of industries including manufacturing, distribution, wholesale, retail and consumer products and services and healthcare. Leveraging the breadth and experience of the Ares platform, ACF works with borrowers to deliver creative, flexible, and customized financing solutions for a variety of financing needs: general refinancing, working capital/growth, acquisitions, restructuring/turnaround situations, debtor-in-possession/exit financing, and special accommodation financing. For more information on ACF visit About Ares Management Corporation Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2025, Ares Management Corporation's global platform had approximately $546 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit About Ansley Park Capital Ansley Park Capital is a premier lending and specialty finance platform focused on delivering flexible and customized financing solutions for essential-use, large-ticket equipment and machinery across a multitude of asset types and industries. At Ansley Park Capital, we tap into the responsiveness, flexibility, and creativity of a highly experienced team with unmatched access across the equipment finance industry to serve a broad community of borrowers to meet their individual needs with full product capabilities. Our approach to working with our clients is simple: we strive to understand our customers, take the time to underwrite their business, and provide tailored financing solutions to help them grow their businesses today and well into the future. For more information on Ansley Park Capital, please visit View source version on Contacts Media Contacts: Ares Management media@ Ansley Park Capital Eric Miller+1 914 450 4967 | Error while retrieving data Sign in to access your portfolio Error while retrieving data
Business Wire
14 hours ago
- Business
- Business Wire
Ares Commercial Finance and Ansley Park Capital Provide Asset Based and Equipment Financing to Shimmick Corporation
NEW YORK--(BUSINESS WIRE)--Ares Commercial Finance ('ACF') announced today that it has provided a $15 million senior secured revolving line of credit to Shimmick Corporation ('Shimmick' or the 'Company'), an Irvine, California-based infrastructure solutions provider in water, climate resilience, energy transition and sustainable transportation. Ansley Park Capital ('Ansley Park'), an affiliate of Ares Management, provided a complementary $15 million machinery and equipment term loan, the combination of which delivered a complete financing solution. We are proud to invest in a company that has consistently delivered high-impact infrastructure solutions for over 30 years. Our customized financing approach ensures that experienced operators have access to the capital they need. Share 'Our goal from the beginning was to provide Shimmick with a one-stop solution for working capital and equipment finance needs,' said Mitch Drucker, Partner, Ares Commercial Finance. 'Ares and Ansley Park worked in lockstep to customize a credit facility that met Shimmick's immediate and longer-term financing goals. We look forward to supporting the Company as they manage their robust pipeline of projects in 2025 and beyond.' Speaking on behalf of Ansley Park Capital, Michael Gay, Executive and Chief Commercial Officer, said: 'We are proud to invest in a company that has consistently delivered high-impact infrastructure solutions for over 30 years. Our customized financing approach ensures that experienced operators have access to the capital they need to optimize performance and pursue long-term growth.' Proceeds from the working capital financing will be used to refinance existing indebtedness and provide the Company additional liquidity. About Shimmick Corporation Shimmick Corporation ("Shimmick", the "Company") (NASDAQ: SHIM) is an industry leader in delivering turnkey infrastructure solutions that strengthen critical markets across water, energy, climate resiliency, and sustainable transportation. We integrate technical excellence with collaborative project delivery methods to provide innovative, technology-driven infrastructure solutions that accelerate economic growth and empower communities nationwide. With a track record that spans over a century, Shimmick, headquartered in California, unites deep engineering heritage with entrepreneurial spirit to tackle today's most complex infrastructure challenges. For more information, visit About Ares Commercial Finance Ares Commercial Finance is the commercial finance platform of Ares Management Corporation. ACF provides credit facilities up to $500 million to middle market and lower-middle market companies. ACF addresses a wide scope of industries including manufacturing, distribution, wholesale, retail and consumer products and services and healthcare. Leveraging the breadth and experience of the Ares platform, ACF works with borrowers to deliver creative, flexible, and customized financing solutions for a variety of financing needs: general refinancing, working capital/growth, acquisitions, restructuring/turnaround situations, debtor-in-possession/exit financing, and special accommodation financing. For more information on ACF visit About Ares Management Corporation Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of March 31, 2025, Ares Management Corporation's global platform had approximately $546 billion of assets under management, with operations across North America, South America, Europe, Asia Pacific and the Middle East. For more information, please visit About Ansley Park Capital Ansley Park Capital is a premier lending and specialty finance platform focused on delivering flexible and customized financing solutions for essential-use, large-ticket equipment and machinery across a multitude of asset types and industries. At Ansley Park Capital, we tap into the responsiveness, flexibility, and creativity of a highly experienced team with unmatched access across the equipment finance industry to serve a broad community of borrowers to meet their individual needs with full product capabilities. Our approach to working with our clients is simple: we strive to understand our customers, take the time to underwrite their business, and provide tailored financing solutions to help them grow their businesses today and well into the future. For more information on Ansley Park Capital, please visit
Hans India
3 days ago
- General
- Hans India
Turtle research centre sought near Rushikulya river mouth
Berhampur: As Rushikulya river mouth in Ganjam district has emerged as a major rookery for Olive Ridley turtles, wildlife lovers and experts have demanded the establishment of a turtle research centre in the area to study the behaviour of the marine animal. The demand in this regard was made at a meeting observing the 'World Turtle Day' on May 23, at Purunabandh, near the river mouth. The meeting was organised by the Khallikote forest range. 'It's high time the government take steps to expedite the proposal for setting up of turtle research centre near the rookery,' said Rabindra Nath Sahu, secretary, Rushikulya Sea Turtle Protection Committee, an organisation working on conservation and protection of the Olive Ridley turtles. The Forest department has identified around 3.5 acres of government land near Purunabandh for the establishment of the proposed centre, sources said. Many speakers at the meeting said due to the active participation of local people in the protection and conservation of the endangered sea turtles, the Rushikulya river mouth has emerged as a major rookery. A record number of around nine lakh Olive Ridley turtles visited the beach for mass nesting in two phases this year. While 6, 98,698 Olive Ridleys had laid eggs on the beach in their first phase of mass nesting from February 16 to 23 in the 5-km stretch from Podampeta to Bateswar, over 2.05 lakh turtles had laid eggs in the same stretch in the second phase of mass nesting from March 22 to 27, said Dibya Shankar Behera, Assistant Conservator of Forest (ACF), in-charge in Khallikote range. He said a record number of baby Olive Ridley turtles had also emerged from the pits and moved towards the sea with the help of forest staff and local volunteers. Anil Mohapatra, senior scientist of Zoological Survey of India (ZSI), said Olive Ridley turtles preferred to return to Rushikulya rookery for mass nesting due to its safety and protection. He said around 12,000 female turtles had been tagged by the ZSI and the Forest department in the 2021-23 period at Rushikulya rookery to monitor their movement. 'We have recaptured over 553 of them in the same site so far. This indicates that they preferred to revisit the rookery for mass nesting,' he added. Shankar Naryan Bez, coordinator of district Eco-Club, lauded the community participation in the protection and conservation of Olive Ridley turtles near the Rushikulya river mouth.
New Indian Express
5 days ago
- General
- New Indian Express
Three-day elephant census kickstarts at Nagarahole Tiger Reserve
MYSURU: Amid a surge in human-elephant conflict incidents along inter-state borders, a three-day Synchronised Elephant Population Estimation (SEPE) exercise began on Friday at the Nagarahole Tiger Reserve. Assistant Conservator of Forests (ACF) N Lakshmikanth announced that the census will be carried out on May 23, 24, and 25. The initiative aims to assess elephant populations along state borders to inform conflict mitigation and management strategies. The census is being conducted in three phases. On May 23, during Block Sampling, teams will survey five sq kilometres of sample blocks on foot, covering at least 15 km. They will record the number of elephants sighted directly, along with details such as gender, age group (adult, sub-adult, juvenile, calf), and group size. On May 24, as part of the Line Transect, a 2 km transect will be walked starting at 6 am to record indirect signs of elephant presence such as dung and footprints on either side of the path. On May 25, during waterhole count, the forest staff will monitor selected water bodies from 6 am to 6 pm, documenting and photographing elephants that visit the lakes during this period. Nagarahole Tiger Reserve, which spans the Mysore and Kodagu districts, is home to the highest elephant population in Karnataka and includes a significant elephant corridor. Over 300 personnel will participate in the exercise, spread across 91 patrol units. Each patrol team includes at least one staff member trained online for the census. 'Identifying areas with high elephant density and sex ratios will provide crucial insights for addressing human-elephant conflict and enhancing management efforts,' ACF Lakshmikanth added.
Time of India
5 days ago
- General
- Time of India
553 tagged turtles returned to Rushikulya in three years: Scientist
1 2 Berhampur: Rushikulya river mouth in Ganjam district is emerging as a major rookery for Olive Ridley turtles due to active participation of local people in the protection and conservation of these endangered sea turtles, said wildlife experts at a meeting organised by Khallikote forest range at Purunabandh to mark World Turtle Day on Friday. Senior scientist at the Zoological Survey of India (ZSI) Anil Mohapatra said 553 turtles returned to the rookery for nesting in the last three years, with 365 of them this year. He said around 12,000 female turtles were tagged by the ZSI and forest department during the 2021-23 period at the Rushikulya rookery to monitor their movement. "We recaptured over 553 of them at the same site so far. This indicates that they prefer to visit the rookery for mass nesting. The reason being safety and strict protection measures," he added. Mohapatra said a record number of baby Olive Ridley turtles also emerged from the pits and moved towards the sea with the help of forest staff and local volunteers. Around 9 lakh Olive Ridley turtles visited the beach for mass nesting in two phases this year. While 6,98,698 Olive Ridleys laid eggs on the beach in their first phase of mass nesting from Feb 16 to 23 in the five-km stretch from Podampeta to Bateswar, over 2.05 lakh turtles laid eggs in the same stretch in the second phase of mass nesting from March 22 to 27, said Dibya Shankar Behera, assistant conservator of forest (ACF), in-charge of Khallikote range. "It's high time the govt takes immediate steps to expedite the proposal for setting up a turtle research centre near the rookery," said Rabindra Nath Sahu, secretary of Rushikulya Sea Turtle Protection Committee, an organisation working on the conservation and protection of the Olive Ridleys. The forest department identified around 3.5 acres of govt land near Purunabandh for establishment of the proposed centre, sources said. Shankar Naryan Bez, co-ordinator of the district eco-club, lauded the community participation in the protection and conservation of the Olive Ridley turtles. Get the latest lifestyle updates on Times of India, along with Brother's Day wishes , messages and quotes !
