Pitney Bowes subsidiary Wheeler Financial has closed a financing transaction with Ghilotti Bros, so the 105-year-old construction North Californian firm can invest in GPS tracking technology to gain an advantage in its highly-competitive market.
Ghilotti Bros is a family-run business on its fourth generation of ownership. It employs more than 275 people and generates annual revenues in excess of $100 million. The firm has delivered, high-profile construction and infrastructure projects across the Bay Area counties, including utilities, bridges, marinas, roads, runways and railways.
In order to maximize opportunities during California’s dry season, Ghilotti wanted to invest in a state-of-the-art GPS tracking station, essential technology for accuracy in construction and crucial for the company to secure new contracts and generate growth.
Mike Ghilotti, president of Ghilotti Bros, said: “California is undergoing major investment in its infrastructure, so it’s vital we have the assets to take advantage of this unprecedented opportunity and compete at the highest level.
“To help us secure financing for these assets, we needed a partner that would quickly understand our requirements and appreciate our need for a swift response. Wheeler Financial was a responsive, supportive partner that understood our business and complemented our existing relationships with other partners. They acted with speed and agility.”