Clearwater International’s Debt Advisory team has advised the shareholders of Dale Power Solutions (“DPS”) on its refinancing. DPS, a provider of total power management solutions, secured senior debt funding and ancillary facilities from its existing bank, RBS.
Established more than 75 years ago, Scarborough-based DPS is a leading service provider and manufacturer of generators and UPS systems that support the delivery of secure power and business continuity solutions to major national and international customers across a broad range of sectors. DPS operates through two established brands (Dale and Erskine) and has a market leading reputation for providing high quality products and services while delivering innovative solutions.
The facilities provided by RBS, combined with the ongoing support from LDC, will help the shareholders to deliver DPS’ growth strategy by providing the capital needed to make strategic acquisitions.