D.A. Davidson Acts as Exclusive Financial Advisor to Day Wireless Systems on Debt Refinancing

PORTLAND, Ore.--(BUSINESS WIRE)--D.A. Davidson & Co. (“D.A. Davidson”) announced today that it served as exclusive financial advisor to Day Management Corp. d/b/a Day Wireless Systems (“Day Wireless” or the “Company”) on its senior secured credit facility. Proceeds of the new credit facility will be used to refinance the Company’s existing debt and provide additional flexibility to support working capital, acquisitions, and future growth initiatives.

Headquartered in Milwaukie, Oregon and founded in 1969, Day Wireless is a family-owned provider and integrator of communications, security, and public safety technology solutions. The Company offers a comprehensive suite of services, including DAS solutions, system design, installation, integration, maintenance, FCC licensing, tower construction, tower leasing and communications rentals. Day Wireless employs more than 500 professionals, including over 300 technical staff, and operates across six Western states and internationally through offices in the Netherlands and Ireland. The Company is the largest privately held Motorola Solutions channel partner in the United States and one of the largest Motorola channel partners worldwide.

“This financing meaningfully strengthens our capital structure by refinancing existing debt at an attractive cost of capital while providing additional flexibility to support our long-term growth objectives. We appreciate the strong support from the D.A. Davidson team to deliver the optimal capital solution for our business moving forward,” said Dave Tinio, Chief Financial Officer of Day Wireless.

“We appreciated the opportunity to work with Day Wireless on this transaction,” said Brad Gevurtz, Managing Director, Technology Investment Banking, at D.A. Davidson. “This outcome reflects our continuing focus on serving providers of mission-critical communications, security, and infrastructure solutions for data center, government, and enterprise customers.”

“We were pleased to advise the Company on a financing process that resulted in an extremely attractive cost of capital and positions the Company to execute on a variety of strategic growth initiatives,” added Steven Fleisher, Managing Director, Debt Advisory at D.A. Davidson.

This transaction underscores the continuing momentum of D.A. Davidson's Debt Advisory group as well as the firm’s Digital Infrastructure and Communications Technology practice. Since 2020, D.A. Davidson's Technology team has completed 145+ transactions representing more than $25 billion in deal value.

D.A. Davidson’s Investment Banking Division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle-market clients worldwide across four industry verticals: consumer, diversified industrials, financial institutions, and technology. Together with its European strategic partner, MCF Corporate Finance, D.A. Davidson originates and executes transatlantic M&A transactions under the common brand of D.A. Davidson MCF International.

About D.A. Davidson Companies

D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions, and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Greater Los Angeles, New York, Omaha, and Seattle, the company has approximately 1,625 employees and offices in 32 states.

Subsidiaries include D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; and D.A. Davidson Trust Company, a trust and wealth management company.