MacKay has secured a new credit facility to support the company’s continued growth, including strategic acquisitions and expansion into new markets.
This financing is a planned step in MacKay’s long-term growth strategy. It provides the flexibility to invest in people, capabilities, and partnerships while continuing to deliver high-quality service to clients across the country.
As part of this approach, MacKay has secured a credit facility, led by Churchill Asset Management, with participation from Stone Point Credit. The facility includes both a term loan and a revolving line of credit.
MacKay’s partnership with SkyKnight Capital continues to support the company’s long-term growth strategy, providing a strong foundation for expansion and access to capital as the company scales.
This capital will primarily support MacKay’s acquisition strategy, enabling the company to partner with firms that bring strong technical expertise and align with MacKay’s values, while strengthening local presence in key markets and enhancing the services provided to clients. It also provides flexibility to continue investing in talent and supporting ongoing organic growth.
This type of financing allows MacKay to access capital without diluting ownership, supporting the company’s employee ownership model and long-term value for shareholders. It also provides flexibility—capital is available to be used strategically over time, rather than all at once.
Over the past year, MacKay has expanded its presence through five strategic acquisitions across key regions, including California, the Midwest, and the Pacific Northwest. This growth reflects a deliberate approach to building a national platform while maintaining strong local relationships and technical expertise.
“This is a natural next step in our growth,” said Derrick Smith, Chief Executive Officer. “We’ve built a strong foundation, and this financing gives us the ability to continue expanding thoughtfully—bringing new capabilities to our clients and creating opportunities for our people.”
MacKay continues to see strong demand across infrastructure and environmental services, driven by population growth, regulatory complexity, and increased investment in infrastructure systems.
This financing supports MacKay’s long-term growth strategy, particularly its ability to pursue strategic acquisitions, and does not change the company’s day-to-day operations. The focus remains on delivering exceptional service to clients, supporting employees, and growing in a disciplined and sustainable way.
