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.