Bridge Capital Provides Hunter Technology Financing
Bridge Capital Holdings, whose subsidiary is Bridge Bank, announced it provided Hunter Technology with $8 million in financing in the form of a line of credit and an equipment guidance line to purchase new manufacturing equipment and support their working capital needs.
“When Hunter Technology came to us for additional financing, we were able to customize their loan structure to fit their rapid growth and additional equipment financing needs,” said Rory Hanley, relationship manager in Bridge Bank’s Corporate Banking Team. “We worked closely with Hunter Technology to fund their previous two acquisitions and are thrilled to provide further funding that will allow them to continue on their impressive growth path,” he added.
“We are in the midst of a very exciting time at Hunter Technology,” said Joseph O’Neil, president of Hunter Technology. “No other manufacturing service provider in the industry has experienced the rate of growth that we’ve seen over the past two years, doubling from 2012 to 2013 and again from 2013 to 2014. Our relationship with Bridge Bank provided us with the solid financial footing required to allow us to focus on our customers and on business execution. As we continue to expand and eclipse the $100 million revenue level, our relationship with Bridge continues to be a key part of our financial foundation,” he added.
Hunter Technology delivers specialized design, engineering and manufacturing services to defense, aerospace, industrial and medical OEMs.