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DEETAG CAPITALIZES ON BUSINESS OPPORTUNITIES IN THE US

DeeTag is a London, Ontario based supplier of hydraulic hoses, fittings and hydraulic assemblies that has been supplying construction and defense industry equipment manufacturers for over 30 years. 

Despite being in one of the worst recessions in 60 years, when the opportunity arose to expand into the US, Dean Gordon, President of DeeTag, jumped at the chance.  Dean knew that expanding into the US during a tough economic time was going to take a sizeable investment which was initially done through the company's Canadian operations.  DeeTag's value proposition - delivering confidence by providing the right product on time, every time - was starting to provide very positive results as major US customers dramatically increased their orders.  At the same time, DeeTag's Canadian business was growing rapidly with their existing long-term customers.  Dean realized that DeeTag needed to find additional funds to finance this rapid growth. 

Dean turned to Aegis Capital Solutions for advice.  Aegis quickly provided DeeTag with a very cost effective and creative solution that resulted in a $1.5 million loan facility with Comerica Bank in combination with an EDC program that supports Canadian businesses. 

DeeTag was amazed at the fresh ideas that came from Aegis and, in particular, the professional advice and support along the way.  Dean remarks, "Mark and John of Aegis responded immediately to DeeTag's needs.  They quickly came to understand our business, prepared a comprehensive financing information package including business plan, projections and financial analysis needed to tell DeeTag's story to the lending community.  It was the best result DeeTag could ask for!".