
F.N.B. Capital Corporation Case Study
Growth Capital
F.N.B. Capital Corporation provides capital to companies to pursue strategic growth opportunities. These companies are then able to capture market opportunities and leverage F.N.B. Capital’s financial expertise and strength.
B.J. Alan Company, Inc. (Phantom Fireworks), Youngstown, Ohio
The founder and C.E.O. of this Youngstown, Ohio–based importer and wholesaler of consumer fireworks utilized F.N.B. Capital Corporation to provide the funding necessary to assist in a long-term growth strategy.
Actions
- B.J. Alan Company, Inc., operating under the well-known Phantom Fireworks brand name, has expanded to become the second-largest importer and wholesaler of consumer fireworks in the nation and the largest operator of permanent retail fireworks showrooms in the United States.
- F.N.B. Capital Corporation’s financing provided an effective injection of growth capital to continue to build on this position of strength and leadership through the use of a mezzanine loan, in this instance with a two to four year time horizon.
Results - Phantom Fireworks continues its growth strategy, and today is well-capitalized to seize market opportunities including location expansion, interstate growth and acquisitions.
- Phantom Fireworks has access to F.N.B. Capital’s strategic, tactical and financial assistance during this growth phase.
- Phantom Fireworks continues to be leader in the innovation and sale of consumer fireworks.