CHICAGO, Dec. 11, 2018 — Madison Street Capital (MSC), an international investment banking firm, acted as the exclusive financial advisor in arranging a $3.2MM debt facility for MonDak Portables LLC (MonDak). Founded in 2008 and based in Epping, North Dakota, MonDak is a portable toilet manufacturing, delivery and servicing company that rents and sells portable toilets and trailers. The facility was provided by North Avenue Capital. The transaction was announced by Charles Botchway, CEO of Madison Street Capital and led by Senior Managing Director, Lester “Jay” Rodgers.
Jay Rodgers stated, “We enjoyed working closely with Kathy, Barb and Rick to directly address MonDak’s capital needs to support their long-term initiatives. The leadership team is best-in-class and the organization is poised for solid growth, anchored by its diverse capabilities. We are pleased to have worked with their team to achieve this successful outcome.”
About Madison Street Capital
Madison Street Capital is an international investment banking firm committed to integrity, excellence, leadership and service in delivering corporate financial advisory services, merger and acquisition expertise, financial opinions, and valuation services to publicly and privately held businesses. These services position our clients to succeed in the global marketplace. In undertaking each new project, the client’s goals and objectives become ours, ranging from financial advisory and successful capital raises to M&A transactions to transfers of ownership. Madison Street Capital views emerging markets as the core component driving the global growth of our clients and will continue to focus significant assets on these markets. Our firm has earned the trust of clients around the world through our unwavering dedication to the highest levels of professional standards.
About MonDak Portables LLC
MonDak provides portable toilet manufacturing, delivery and servicing that rents and sells different types of portable toilets and trailers. We offer clients standard portable toilets, handicap toilets, hand washing stations, toilet trailers and Comfort Stations that are heated and air conditioned. We were established based on the rapid growth of the oil industry in the Upper Midwest and the demand for oil fields to have restrooms for workers. In addition, we rent toilets for private parties, sporting events, concerts, festivals and community events. To learn more, visit our website at www.mondakportables.com
About North Avenue Capital
North Avenue Capital (NAC), a specialized commercial lender headquartered in St. Johns County, is committed to building businesses, growing economies, and creating jobs in rural America. NAC has emerged as a leader in the USDA B&I space, finishing in the Top 5 of the nation’s largest B&I Lenders for 2 out of the last 3 years. For additional information, please visit www.northavenue.com