Baker Tilly Capital successfully restructured debt, with low-cost New Market Tax Credit-facilitated funding, for Madison-Kipp Corporation, a Wisconsin leader in the metal forming industry.
Madison-Kipp Corporation is a producer of precision machined components and system subassemblies for transportation and industrial end markets. Customers include manufacturers from the lightweight vehicle, lawn and garden, recreational vehicle and industrial markets. Madison-Kipp Corporation provides customers with a single source, integrated solution, and minimizes supply chain complexity.
"Five years ago, Madison-Kipp Corporation (MKC) underwent a significant strategic transformation and instituted a number of initiatives specifically designed to diversify end markets, increase revenue, and improve operating efficiency. This transformation required an increased capital base to fund the necessary investments. With the assistance of Baker Tilly Capital, MKC was able, in these difficult times, to restructure the Company's debt with low-cost New Market Tax Credit funding. Baker Tilly Capital's expertise will allow MKC to maintain and improve the business while keeping jobs in Dane County."
– Mark Daniels, CFO, Madison-Kipp Corporation