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J.S. Held Completes $24.4 Million Refinancing for GRO-WELL® Brands

In a significant development for the green waste recycling sector, global consulting firm J.S. Held has announced the successful completion of a $24.4 million refinancing for GRO-WELL® Brands, Inc. This company is recognized as one of the largest green waste recycling firms in the Southwestern United States. The refinancing was finalized on August 28, 2025, with the assistance of Ares Commercial Finance (ACF), marking a crucial milestone for GRO-WELL as it gears up to advance its growth trajectory.

Strengthening Financial Foundations

GRO-WELL's reputation as a premier producer of mulch and soil products, widely distributed through major retail chains across California, Arizona, New Mexico, and Washington State, has established it as a leader in its field. To support their refinancing endeavors, GRO-WELL sought the strategic expertise of J.S. Held, appointing Michael Jacoby as the lead advisor for the project.

This partnership involved J.S. Held executing a thorough financial assessment aimed at augmenting GRO-WELL's forecast model. The team put together a comprehensive confidential memorandum, which was instrumental in attracting interest from over 80 potential financing partners. Their dedication paid off, resulting in 19 submitted term sheets, ultimately leading to the successful closing of the refinancing deal with ACF.

Expert Insights from J.S. Held

Michael Jacoby, who leads J.S. Held's Strategic Advisory Practice, shared insights into the transaction, stating, "Our team's understanding of the current lending landscape, coupled with our expertise in financial forecasting and asset-based lending, allowed us to identify and engage a lending partner that met GRO-WELL's specific needs. Through advocacy and strategic negotiation, we successfully closed the financing within the required timeframe."

The collaboration with ACF marks a new chapter for GRO-WELL, with the firm now equipped with enhanced liquidity that will allow it to reinvest in growth initiatives effectively. Daniel Prawda, the Founding Partner at GEF Capital Partners, expressed excitement about the partnership with ACF, highlighting how J.S. Held's contributions were vital to the timely execution of this refinancing project. "The relationships and trust that J.S. Held cultivated in the Asset-Based Lending community played a critical role in this successful outcome, reaffirming their reliability as a partner in debt refinancing," Prawda noted.

Looking Ahead

Sridharan Kannan, Managing Director at Ares Commercial Finance, echoed similar sentiments, indicating that ACF is pleased to provide flexible financing options to GRO-WELL as it strives to uphold its momentum in the market. He stated, "We are eager to collaborate further with GRO-WELL's management team and their investors as they implement their strategic plans. The thoughtful approach demonstrated by the J.S. Held team throughout this process has been instrumental in achieving our collective goals."

As GRO-WELL Brands embraces this newfound capital, the focus now shifts to sustaining their commitment to growth and innovation in the green waste recycling industry. This refinancing marks not only a financial achievement but also a crucial step towards bolstering their operational capabilities and extending their market presence. For more information about this refinancing initiative, you can visit J.S. Held's case studies page or reach out directly to Michael Jacoby at [email protected].

About J.S. Held

J.S. Held operates as a global consulting firm with a unique blend of technical, scientific, and financial expertise. They advise organizations through intricate and high-stakes matters, helping clients mitigate risks and realize their potential. The firm serves numerous industries across six continents, including 84% of the Global 200 Law Firms and a majority of top-tier insurance companies, reflecting their renown in the industry. It is important to note that J.S. Held, its affiliates, and subsidiaries do not provide audit or legal services.