Transcript: How Hynes Industries is building up local Youngstown

[Music plays.]

[A very closeup view of a machine cutting metal coins made of silver. There is complicated machinery in a factory and a pile of silver coins is shown, with more coins dropping onto the pile. In the top left corner of the screen is a white CIBC logo and white text that reads: “Ambitions made real ^®” that persists for the first few seconds of the video.]

[Rick Organ sits in his office. Text on screen reads: "Rick Organ, Hynes Industries. Chief Executive Officer". There are shots of Rock talking Ryan Day in a factory.]

>>Rick Organ, Chief Executive Officer of Hynes Industries:
We are growing at such a rapid rate. We needed to bring in partners that shared our values and that could grow with us.

[An aerial view of the city of Youngstown, Ohio.]

[Ryan Day sits in his office. Text on screen reads: "Ryan Day, Hynes Industries. Chief Executive Officer".]

>>Ryan Day, Chief Financial Officer of Hynes Industries:
Hynes has a long storied history with the city of Youngstown and Hynes has always been an integral part of the fabric of this community.

[Written on screen: Hynes Industries provides highly engineered custom roll form solutions. Rick and Ryan joined the business to give back to their hometown.]

>>Ryan Day: When we first came into the business, there was a lot of challenges. It gave us an opportunity to really come in and rebuild the organization.

[Shots of a busy factor and workers moving crates with a forklift.]

>>Rick Organ:
We had brought the business to a point where we were highly confident in what the future held, but we needed the capital and so we put our own capital in. But we quickly realized it was going to be necessary for us to bring in additional outside capital

[Shots of a busy factor and workers using machinery.]

[Frank Bonet sits in a CIBC office. Text on screen: Frank Bonet, CIBC. MD, Sr. Business Development Manager, Asset-Based Lending, Dallas.]

[Frank Bonet and colleagues tour the factory.]

>>Frank Bonet, Senior Business Development Manager at CIBC US:
Hynes, it was very clear to us, was in high demand from their customer to expand those existing relationships. CIBC has a rich history and deep experience in those types of businesses.

[Closeup shots of factory machinery. Written on screen: Crossplane Capital is a private equity firm. They acquired Hynes Industries as a majority owner.]

[Brian Hegi stands in open office area. Text on screen: Brian Hegi, Crossplane Capital. Co-founder and managing partner.]

[Closeup shots of factory machinery and factory workers using different machinery to cut and shape metal.]

>>Brian Hegi, Co-Founder Crossplane Capital:
We invest in strategically unique industrial businesses that have a significant value creation opportunity, but at the end of the day, we are investing in people. Frank and the team at CIBC really understood the value creation opportunity that we were going to invest heavily in this business, and we needed a banking partner that was going to support the growth of this business over the next five years.

[Frank Bonet sits in an CIBC office boardroom with colleagues, Brian Hegi, Brandon Barr and Rick Organ.]

>>Brandon Barr, Asset-Based Lending Group Head, CIBC US:
CIBC provided a creative solution that was really tailored toward helping the Hynes management team partner with Crossplane.

>>Rick Organ:
The core of our strategy is growing with our customers. We need a bank that's also willing to grow with us. CIBC, taking the time to really understand our business was very important to us, and further to that, the history and the reliability of the bank.

[Shots of Frank Bonet touring the factory lead by a worker]

[Members of Hynes Industries shaking hands with Frank Bonet and colleagues in an office.]

[An aerial view of the Hynes Industries factory. Written on screen: CIBC’s asset-based lending and equipment financing allowed Hynes Industries to expand and better serve customers.]

[CIBC colleagues sitting at a board table.]

>>Frank Bonet:
We found that we had a lot of shared approach to business, so it was a good coming together of those three different teams, Hynes, Crossplane and CIBC, for this opportunity.

[Shots of Frank Bonet touring the factory with Brian Hegi and Brandon Barr.]

>>Brandon Barr:
There are a tremendous amount of companies that exist in towns like Youngstown that really are the lifeblood of the US economy that are working to bring jobs and growth into their communities. That's what we get excited about at CIBC.

[Shots of factory workers smiling.]

[Shots of Frank Bonet touring the factory with Brian Hegi, Brandon Barr and Rick Organ.]

>>Rick Organ:
Relationships are critical to me. We've built strong relationships with our customers and our suppliers. Similarly, we like the fact that CIBC is willing and desirous of building a relationship with us.

[Text on screen: "CIBC Ambitions made real^™. The CIBC Logo and "Ambitions Made Real" are trademarks of CIBC."]