Daily News: February 2, 2015

MB Business Capital Closes Accord Industries Facility

MB Business Capital announced it recently provided a new $5.8 million senior credit facility to Accord industries.

Founded in 1972, Accord manufactures PVC piping for a variety of applications, including agriculture, residential and commercial plumbing and water reclamation. Accord is a portfolio company of Philadelphia-based Alliance Holdings, a lower-middle-market private equity firm focused on niche manufacturing and industrials, and one of the largest 100% employee-owned companies in the U.S.

The new MB Business Capital credit facility was provided to refinance existing debt and to fund working capital needs.