Granite City Food & Brewery has acquired the assets of three Cadillac Ranch All American Bar & Grill restaurants for $3.3 million. Fifth Third Bank provided a $5 million delayed draw term loan, which Granite City drew in full to fund the acquisitions.
The Sterling Group announced that its affiliated investment fund, Sterling Group Partners III, completed the acquisition of Liqui-Box from DuPont. The acquisition was financed with equity from Sterling Group Partners III. BNP Paribas and BMO provided senior debt financing, and Oaktree Capital Management provided mezzanine debt.
North Mill Capital has acquired PrinSource Capital Companies, a provider of factoring and asset-based loans in the Midwest. North Mill received an equity investment from its current shareholders, led by Monitor Clipper Partners, and a material increase in its debt credit facility led by IDB Bank of New York.