Opus Bank is pleased to announce it provided:

Title: Interior Office Solutions
Amount: $5,000,000
Month: March
Year: 2016

Interior Office Solutions

Opus Bank’s Commercial Banking division provides financing to Interior Office Solutions, Inc. as it continues its West Coast expansion

Overview of Transaction

  • Interior Office Solutions, Inc. (“IOS”) sells and installs modular and freestanding office furniture; designs, engineers, and sources custom office furniture; and specializes in providing clientele raised access flooring, movable walls, high-density storage, and general furniture related services.
  • Customers enlist IOS’ resources and offerings for innovative configurations of their workspaces and for specialized furniture solutions and services.
  • IOS was positioned to enter a new market through the acquisition of a market leader in the Seattle/Puget Sound region, furthering their brand presence along the West Coast.

Significance of Transaction

  • The transaction enabled IOS to continue its expansion into the Pacific Northwest.
  • Opus Bank (“Opus”) provided growth capital to support the Seattle acquisition and to allow IOS to take advantage of supplier discounts.
  • With this acquisition, IOS is now the distributor for one of the largest office furniture manufacturers in four distinct territories: Orange County, CA; Los Angeles, CA; Portland, OR; and Seattle, WA.

Opus Bank's Role

  • Opus understood the acquisition opportunity being offered to IOS.
  • Opus took the time to understand IOS’ asset conversion cycle and structured a loan that met the company’s cash flow needs.

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