Daily News: February 12, 2018

Comerica Agents $60MM Facility for SCA


Soundcore Capital Partners’ portfolio company, Sweeping Corporation of America (SCA), entered into a $60 million credit facility with Comerica as the sole lead arranger and administrative agent for the facility.

The facility will support upcoming add-on acquisitions and growth initiatives of the business.

Headquartered in Cleveland, SCA is the largest self-performing power sweeping company in the U.S.

“Securing this credit facility is an important milestone for SCA, allowing us to continue our growth in key markets, both acquisitively and organically,” said John Landefeld, SCA’s CFO.

Soundcore Capital Partners is a New York-based private investment firm specializing in control equity investments and leveraged buyouts of lower middle market businesses headquarted in North America.