JERICHO, N.Y., Sept. 18, 2025 /PRNewswire/ -- Global consulting firm J.S. Held announces that GRO-WELL® Brands, Inc., one of the largest green waste recycling companies in the Southwestern U.S., successfully closed a $24.4 million refinancing on August 28, 2025, agented by Ares Commercial Finance ("ACF"). GRO-WELL is one of the leading producers of mulch and soil products distributed through big box retailers in California, Arizona, New Mexico, and Washington state.

To support the refinancing, GRO-WELL engaged J.S. Held as a refinancing advisor and appointed Michael Jacoby as the lead advisor. The J.S. Held team led a comprehensive financial assessment, refined the company's forecast model, and developed a confidential memorandum used to engage over 80 potential financing partners. These efforts resulted in 19 submitted term sheets and a successful close with ACF.

Commenting on the transaction:

Michael Jacoby | Strategic Advisory Practice Lead | J.S. Held

"Our team's knowledge of today's lending environment, combined with our expertise in preparing and validating financial forecasts, as well as our deep understanding of asset-based lending, borrowing bases, and ineligible accounts receivable and inventory, enabled us to find the right lending partner, advocate on our client's behalf, negotiate a loan agreement that met the needs of GRO-WELL, and close the financing within the required timeframe."

Daniel Prawda | Founding Partner | GEF Capital Partners

"We are excited to be partnering with ACF as a capital solutions provider on this refinancing. The skill set J.S. Held brought to the table (as well as their relationships and trust amongst the ABL lender community) was exactly what we needed to complete this refinancing project in a timely and successful fashion. J.S. Held has proven to be a reliable and trusted partner when it comes to debt refinancing. With the enhanced liquidity capacity provided by ACF, we are excited to channel our attention and resources back into growth initiatives."

Sridharan Kannan | Managing Director | Ares Commercial Finance

"We are pleased to support GRO-WELL® with flexible capital as it continues to build on its momentum as a well-known brand and support its growth trajectory. We look forward to our continued work with the company's management team, along with their private equity sponsor, GEF, as they execute on their strategic initiatives, and appreciate the J.S. Held team's thoughtful approach and execution."

To learn more about this refinance transaction, visit: https://www.jsheld.com/case-studies/green-waste-recycler-refinancing-restructuring or contact Michael Jacoby at Michael.Jacoby@jsheld.com. 

About J.S. Held

J.S. Held is a global consulting firm that combines technical, scientific, financial, and strategic expertise to advise clients seeking to realize value and mitigate risk. Our professionals serve as trusted advisors to organizations facing high stakes matters demanding urgent attention, staunch integrity, proven experience, clear-cut analysis, and an understanding of both tangible and intangible assets. The firm provides a comprehensive suite of services, products, and data that enable clients to navigate complex, contentious, and often catastrophic situations.

J.S. Held experts serve organizations across six continents, including 84% of the Global 200 Law Firms, 75% of the Forbes Top 20 Insurance Companies (90% of the NAIC Top 50 Property & Casualty Insurers), and 71% of Fortune 100 Companies.

J.S. Held, its affiliates and subsidiaries are not certified public accounting firm(s) and do not provide audit, attest, or any other public accounting services. J.S. Held is not a law firm and does not provide legal advice. Securities offered through PM Securities, LLC, d/b/a Phoenix IB or Ocean Tomo Investments, a part of J.S. Held, member FINRA/SIPC. All rights reserved. 

CONTACT: 
Kristi L. Stathis
J.S. Held LLC
kristi.stathis@jsheld.com
+1 786 833 4864

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SOURCE J.S. Held