Daily News: March 26, 2018

Abacus, Lineage Provide Debt Financing to Diamond Mowers

Abacus Finance and Lineage Capital provided equity and debt financing to Diamond Mowers. The new capital will allow Diamond to accelerate new product development, fund strategic acquisitions and accelerate the expansion of its manufacturing capacity.

“We chose to work with Lineage and Abacus because they will allow us to accelerate our growth plans, consistent with our values and vision for the future,” said Bill Doyle, president of Diamond.

Vice President of Sales and Marketing Tim Kubista said, “We have built a very strong dealer network that has led to historic growth for our company. Our success has put us in a position to capitalize on opportunities to expand our product portfolio.”

Founded in 2000 and headquartered in Sioux Falls, SD, Diamond Mowers is a manufacturer of industrial mowing, mulching and brush cutting equipment for the municipal, skid-steer and excavator markets.