Organization: Chemical Company

Location: Houston, TX

Project Scope: $8.5MM for ERP Software Implementation

Challenge:

A chemical company in Houston, TX faced the challenge of integrating systems across three merging entities into a single, uniform ERP system. This integration was crucial for streamlining operations and ensuring cohesive internal processes, but the company also needed to manage other merger-related expenses and preserve cash.

Solution:

First American provided a leasing solution with a competitive rate, allowing the company to implement the ERP software without straining their cash reserves. This enabled them to focus on other strategic projects and ensure a smooth transition and operational efficiency post-merger.

Organization: CDMO

Location: Baltimore, MD

Project Scope: $5.2MM for Clinical Lab Equipment

Challenge:

A Contract Development and Manufacturing Organization (CDMO) located in Baltimore, MD, faced the challenge of securing over $5MM for clinical lab equipment. Upgraded bioreactor systems and high flow pumps were essential for their cleanrooms to support their clients’ needs. The CDMO was growing rapidly, and they needed reliable sources of funding to support their growth. Managing ongoing costs while expanding their operations was crucial for maintaining their competitive edge.

Solution:

First American structured a leasing solution, as part of an ongoing lease line, that allowed the CDMO to obtain the lab equipment without exhausting their cash reserves. By providing this financial flexibility, First American enabled the CDMO to concentrate on their expansion efforts and sustain their rapid growth trajectory, ensuring they could continue to meet the increasing demands of their clients.