Daily News: November 9, 2017

MB Business Capital Provides Facility for Dalton

MB Business Capital provided a new senior credit facility to Warsaw, IN-based Dalton and affiliates.

Dalton provides large, heavily-cored and complex iron castings for agriculture, railroad, construction, air conditioning/refrigeration, heads/blocks, power transmissions, material handling and medium/heavy-duty truck transmissions. MB’s credit facility was used to refinance existing senior indebtedness and will fund working capital needs going forward.

Dalton is a portfolio company of Ann Arbor, MI-based Speyside Equity.

“The facility that MB Business Capital delivered will allow Speyside to maintain their focus on moving Dalton forward.” said Michael Sharkey, president of MB Business Capital.