Daily News: June 14, 2018

Sterling Commercial Credit Provides Facility to Napoleon Machine


Sterling Commercial Credit provided a credit facility to Napoleon Machine. Madison Street Capital acted as the exclusive financial advisor in the arrangement of the facility.

Founded in 2010, Napoleon provides manufacturing services, including customizable metal fabricating, precision machining, painting, light assembly and other secondary services, for medium to large size steel components.

“The credit facility, along with a planned follow-on tranche, will provide substantially greater access to operating capital, enable Napoleon to expand its manufacturing capabilities to meet customer needs, and accelerate the company’s growth trajectory for the foreseeable future,” said Barry Petersen, senior managing director at Madison.

“The Madison Street Capital team really took the time not only to listen to our story but to understand our story and effectively communicate the merits of the opportunity to the marketplace,” said Kevin Febrey, president of Napoleon. “They understood the capital-intensive nature of our industry and presented creative solutions that will allow our company to access four times the amount of working capital to fuel growth than we were previously able to access via conventional credit facilities.”

Sterling Commercial Credit is a family owned and operated financial service provider specializing in commercial lending.

Madison Street Capital is an international investment banking firm that provides corporate financial advisory services, merger and acquisition expertise, financial opinions and valuation services to publicly and privately held businesses.