SAN FRANCISCO, Sept. 7, 2011 /PRNewswire/ -- CSG Partners LLC, the boutique investment banking firm, announces that it served as financial advisor to Blue & Gold Fleet in securing a new bank loan facility.
Blue & Gold Fleet, L.P. is the premier provider of ferry and water excursion services in the San Francisco Bay Area, operating tour boats and ferry services, as well as arranging land tours in Northern California. The Company is affiliated with PIER 39, one of the country's most visited tourist attractions. PIER 39 is located in the world-famous Fisherman's Wharf and is an open-air festival marketplace, with specialty retail shops, bay view restaurants, a marina, and numerous other attractions. Blue & Gold transports approximately 2.5 million passengers annually, operating a fleet of 17 vessels.
The CSG Partners transaction team was led by Eitan Milstein, the Managing Director of its San Francisco office. Milstein commented, "We're proud to have worked with leading organizations like Blue & Gold Fleet and PIER 39. Under the current economic conditions, obtaining an attractive and flexible bank facility can be challenging, yet with its long, successful track record and bright prospects, Blue & Gold has secured a creatively structured loan from Bridge Bank."
"The transaction structured by CSG Partners was an excellent alternative to the status-quo for our company," commented Taylor Safford, President of Blue & Gold Fleet. "We were very fortunate to have Eitan Milstein and the CSG Partners' team lead us through the process. Their level of expertise, professionalism, and responsiveness to our needs was absolutely outstanding." Added Mr. Bob MacIntosh, PIER 39 President and CEO, "This transaction will help our affiliate, Blue & Gold not only meet its obligations but more importantly allow it to invest in its fleet and further improve services to the public. We were very pleased with CSG's guidance, and with Bridge Bank's credit facility, their array of banking services and their willingness to take the time to thoroughly understand our business. Bridge Bank has proven that there are still professional business banks ready and able to provide access to credit, and at favorable terms."
"We were pleased to collaborate with the team at CSG Partners to provide access to working capital to Blue & Gold Fleet," said Michael Hengl, senior vice president and group manager of Bridge Bank's East Bay office. "Blue & Gold Fleet is an important fixture in the Bay Area, and we're glad to provide them this credit facility to support their business model."
About CSG Partners
CSG Partners LLC is a boutique investment bank specializing in ESOPs, mergers and acquisitions, and capital advisory services for middle-market companies. Founded in 2001, the firm has closed over 100 transactions for companies with an aggregate value exceeding $6 billion. CSG Partners operates from offices in New York and San Francisco. More information on the firm can be found at www.csgpartners.com.
About Bridge Bank, National Association
Bridge Bank, N.A. (NASDAQ: BBNK) was founded in 2001 as a full-service professional business bank headquartered in Silicon Valley to meet the unique and varied needs of small and middle market businesses from across many industries, and at all stages with an emphasis on corporate banking and emerging technology companies. Bridge Bank's team of highly-qualified, experienced business bankers create customized solutions to assist entrepreneurs, business owners, and managers to reach their goals. For details, visit www.bridgebank.com.
SOURCE CSG Partners LLC
