MidCap Business Credit completed a $10 million asset-based credit facility to Forged Components.

Headquartered in Humble, TX, Forged Components manufactures integral self-reinforced connections for pressure nozzles and flanges. The opportunity was sourced out of MidCap’s regional office in Houston.

Karl Lyons, president of Forged Components, said, “This financing has allowed Forged Components to acquire a major competitor, which will result in an ability to increase our manufacturing capacity by 50% or more.”