Pulse

Powering Our Growth: Loureiro Secures $17.7M in New Credit Facilities

Big goals require bold steps, and Loureiro just made an important one. We recently secured $17.7 million in new credit facilities, and in doing so, we’ve unlocked the financial flexibility needed to fuel our path toward $300MM in annual revenue by 2034.

These facilities – obtained through a new partnership with M&T Bank – include an acquisition line, an equipment line, and general lines of credit. These operate like pre-approved, flexible loans that can be drawn upon as needed, repaid, and drawn again. It’s a strategic tool that gives growing companies like Loureiro the agility needed to seize new opportunities.

“That $17.7 million is a big number,” said Steve Diaz, Executive Vice President, Chief Administrative Officer. “It actually exceeds the typical range of what most lenders would offer – we were expecting closer to 50% of equity, but we secured about 70 to 75%. That speaks volumes about how attractive Loureiro is as a borrower, thanks to our strong performance, healthy financials, and future potential.”

Laying the Groundwork for 2034

This funding milestone supports Loureiro’s bold 2034 vision: achieving $300MM in annual revenue, 15% EBITDA, and an NPS score above 75 – all with strategic focus in the government, industrial, and utility sectors.

Success will be delivered via a three-pronged strategy:

1. Growing existing accounts by expanding and deepening long-term relationships
2. Investing in new growth opportunities - Federal, State & Local Government, Healthcare, Aerospace, Energy, Waste Management & Remediation
3. Pursuing M&A and strategic alliances to extend capabilities and market reach

“These new credit facilities give us the financial runway to move on opportunities with speed and confidence,” Diaz added.

The Right Financial Partner Makes a Difference

After reviewing proposals from TD Bank (our previous partner), other financial institutions, and M&T Bank, Loureiro selected M&T for their creative and flexible approach – in addition to their favorable terms.

“They really listened to us and came back with an option that was structured in a way that worked for our business,” said Diaz. “That made all the difference.”

“M&T Bank and I are pleased to begin our new relationship with Loureiro Engineering Associates,” said Michael Moulton, Commercial Relationship Manager and Vice President, Commercial Banking of M&T Bank. “This partnership highlights M&T’s commitment to supporting dynamic organizations with tailored financial solutions and dedicated service. We look forward to growing together and helping Loureiro achieve their strategic goals.”

“This partnership highlights M&T’s commitment to supporting dynamic organizations with tailored financial solutions and dedicated service. We look forward to growing together and helping Loureiro achieve their strategic goals.”

- Michael Moulton, Commercial Relationship Manager and Vice President, Commercial Banking

This new partnership also signals a major operational shift. Loureiro will fully transition away from TD Bank by the end of the month – supported by ongoing efforts to modernize internal cash management systems.

A special thanks goes to Joe Martino, Controller, who has been leading the charge in revamping these systems and ensuring a smooth transition.

“Joe and the team have done a phenomenal job getting us ready for this next chapter,” said  Brian Cutler, CEO. “This move is more than just financial – it’s about building the relationships we need to support the kind of growth we’re aiming for.”