October 26, 2018
Croft & Bender Serves as Financial Advisor to Mountain Express Oil on its Debt Recapitalization Led by IBERIABANK
Croft & Bender, an Atlanta-based investment banking firm, is pleased to announce that its client, Mountain Express Oil Company, has completed a debt recapitalization led by IBERIABANK.
Founded in 2000 by Barry and Gail Bierenbaum and headquartered in Acworth, Georgia, Mountain Express Oil is a leading wholesale distributor of fuels, lubricants and other non-fuel products. The Company is one of the nation’s foremost fuel jobbers with major petroleum partners including ExxonMobil, Chevron, Texaco, Marathon, Sunoco, 76, Citgo and Gulf.
Croft & Bender served as the financial advisor to Mountain Express Oil on the transaction. “Croft & Bender was an absolute pleasure to work with, and their proficiency in managing a customized process and negotiating complex issues proved critical in our transaction. Their experience, sound advice and hard work were instrumental in helping us achieve a positive outcome,” said President and CEO Barry Bierenbaum. “C&B directed us every step of the way and their diligent efforts enabled us to provide the right information at the right times to all parties involved, resulting in a successful outcome for our team“ added Executive Vice President, Lamar Frady.
“Barry, Gail and their team have built one of the fastest growing companies in the Southeast by providing the support and resources needed to create a best-in-market store for all of its supply partners” commented Erik Zalenski, Managing Director at Croft & Bender. “With the support of trusted partners like IBERIABANK, we are excited to watch the continued, impressive growth of this great company.”