06/03/2019
Citizens Commercial Banking leads financing for M.S. Walker
Funds used to acquire Winebow Group’s MA and RI operations and for general corporate purposes
PROVIDENCE, RI – Citizens Commercial Banking led a senior credit facility for M.S. Walker, a wholesale distributor of wines and spirits based in Massachusetts. The funds were used to acquire the Massachusetts and Rhode Island operations of the Winebow Group and for general corporate purposes to finance organic growth. Citizens served as Left Lead Arranger.
M.S. Walker serves retail stores, restaurants and hotels. Founded in 1933, they also manufacture their own brands of spirit products, which are marketed in 42 states, and act as marketing agents for many suppliers across the New England states. Additionally, they act as an agency importer of select national brands and also as an importer of several wine brands from regions around the world.
Headquartered in Norwood, Mass., M.S. Walker owns brokerage operations in Maine, New Hampshire and Vermont. They also own subsidiary companies M.S. Walker of Rhode Island and M.S. Walker of New York and New Jersey.
“We have been Citizens clients since 2003 and we have always appreciated the hard work, dedication and value-added ideas of the Citizens team,” said Doug Shaw, Principal at M.S. Walker.
“At Citizens, we try to think about the needs of our clients from their point of view and offer holistic solutions,” said Jerry Sargent, Northeast Regional Executive for Citizens Commercial Banking. “We were able to provide a solution for M.S. Walker that met the leadership team’s needs as the company continues to grow. Our goal is to deliver long-term value for clients by serving as their strategic and financial partner, offering expertise and tailored solutions so they are ready for what’s next throughout the life cycle of their business.”
For more information, please go to the Citizens Commercial Banking website.
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $161.3 billion in assets as of March 31, 2019. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 2,900 ATMs and approximately 1,100 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services, including lending and deposits, capital markets, treasury services, foreign exchange and interest rate products, and asset finance. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
