Celtic Capital provided a $2.2 million accounts receivable line of credit, a $500,000 inventory line of credit and a $414,000 equipment loan to assist with the acquisition of a fabricator of metal parts for the automotive industry based in the Midwest.
The company, established in 1978, is being acquired by a family to which Celtic Capital had previously lent, and the acquiring entity reached out to Celtic seeking the financing to acquire the stock of the company.
