LBC Credit Partners Provides Mezz Loan to AFCO
LBC Credit Partners announced that it was agent and sole lender for a $12.5 million secured mezzanine loan to support the recapitalization of Alex C. Fergusson, LLC (AFCO), a Larsen MacColl Partners portfolio company.
Chambersburg, PA-based AFCO is a supplier of cleaning and sanitizing chemicals and contract cleaning services to food and beverage processors. As a full-service partner to customers, AFCO provides expertise, process and equipment solutions, and hands-on support through all areas of cleaning, sanitizing, water management, food manufacturing and food safety.
Radnor, PA-based Larsen MacColl Partners invests in profitable and established companies in the consumer product, business service, transportation and logistics, specialty manufacturing and distribution industries.