CIT Arranges Financing to Support Stellex Cisco Equipment Investment

CIT Bank arranged and provided debt financing to support Stellex Capital Management’s investment in Cisco Equipment. The investment was made in partnership with the company’s CEO Christopher J. “C.J.” Sibert and management.

Bell Joins BRG as Managing Director

Lance Bell joined BRG Capital Advisors as a managing director and will lead the company’s efforts in healthcare services.

Ag Resource Management Opens New Office in Asheville, OH

Ag Resource Management, an asset-based lender that provides operating capital specifically for the purpose of growing crops, will open a new office in Asheville, OH.

BofAML, J.P. Morgan Support Toro Charles Machine Works Acquisition

The Toro Company agreed to acquire The Charles Machine Works, the parent company of Ditch Witch. Bank of America Merrill Lynch and J.P. Morgan Chase Bank provided committed debt financing to Toro for the transaction.

Lawrence Financial Ends 2018 with $100MM in Provided Funding

Since its founding in Los Angeles in 1990, Lawrence Financial has funded more than 1,200 companies, providing more than $8 billion in capital. In 2018, they provided over $100 million in funding.

Monroe Supports HaystackID Acquisition of eTERA Consulting

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of eTERA Consulting by HaystackID.

LBC Supports Albireo Acquisition of EMS Technologies

LBC Credit Partners served as agent and sole lead arranger on an increase to the Albireo Energy senior secured credit facilities. The extra funding will be used to support the company’s acquisition of EMS Technologies.

Ares Management Ends 2018 with Strong Fourth Quarter

Ares Management reported its financial results for its fourth quarter and year ended December 31, 2018.

Austin Financial Funds $5MM ABL Facility for Midwest Manufacturer

Austin Financial Services closed a $5 million senior secured credit facility for a full-service custom automation and manufacturing company that services the medical and life sciences, consumer goods and aerospace markets.

Super G Provides $2MM Facility to Cloud-Based Platform

Super G Capital provided a $2 million bifurcated credit facility to a cloud-based media monitoring and intelligence platform with contracted, recurring revenue.