LBC Credit Partners provided a senior secured credit facility to support the acquisition of EDSCO Fasteners by MiddleGround Capital.
LBC served as agent and sole lead arranger for the senior secured credit facility.
Founded in 1985, EDSCO is a manufacturer and distributor of anchor bolt cages for mission-critical infrastructure installations. Headquartered in Denton, TX, EDSCO has additional facilities in Utah, North Carolina, Tennessee, and Indiana.
MiddleGround Capital is a private equity firm that makes control equity investments in lower middle market North American companies in the B2B industrial and specialty distribution sectors. It is currently investing out of its first fund.
