Kane Is Able, Inc. is one of the larger, family-owned, transportation, warehousing, distribution and third-party logistics companies, which service the Middle Atlantic and New England States. The Company is transitioning between second-to-fourth generation ownership, and third-generation to professional third-party management. The Company has used Source’s services in the past for matters relating to inter-generational business transfer planning.

As the Company expands its range of services, it also increases its need for capital assets and the range of business risks its faces from operations. Source Capital, Ltd. was retained to help Kane Is Able, Inc. evaluate its capital market alternatives to obtain funding for capital asset additions while minimizing the cost of capital, and to help evaluate the Company’s ownership and organizational structure to minimize risk. The solution was to organize a new leasing-company affiliate and obtain stand-alone funding for it. This was not a transaction that the Company’s current bank was willing to support and most financial institutions wanted cross guarantees from other affiliated companies. Source was able to shop the capital markets and find a smaller financial institution, which was interested in establishing a relationship with the Kane Group of Companies, that was willing to provide the funding at favorable pricing and without inter-company support.

Since 1982, Source has assisted family-owned businesses on matters relating to growth strategy, company capitalization, performance monitoring and business governance. Source has developed long-term relationships with many such businesses by consistently delivering creative and effective solutions for its clients.