Fifth Third Business Capital provided a $16.5 million asset-based lending solution to Tricon Precast. Jack Gracheck, managing director of asset-based lending at Fifth Third, Cindy Jamroziak, director and senior underwriter at Fifth Third, and Susan Davis, senior director and relationship manager at Fifth Third, managed the deal.
Tricon Precast manufactures concrete structures such as retaining walls, traffic barriers, bridge systems and sound barrier walls. The company sells its products to highway and bridge construction contractors that build infrastructure projects for governmental agencies.
