Amalgamated Capital (AmalCap), the New York-based leveraged finance division of Amalgamated Bank, announced that it provided senior term loan and revolving loan facilities in support of the acquisition of Douglas Machines Corporation (Douglas) by KODA Enterprises Group (KODA). Harvest Capital Credit provided subordinated debt. The amount of the financing was not disclosed.

Based in Clearwater, FL, Douglas is a manufacturer and supplier of industrial washing and sanitizing systems for food related industries. KODA Enterprises Group, located in Lexington, MA, is a middle-market private investment firm that concentrates on companies in niche markets.

“Douglas Machines is a well run company with a leadership position in its sector,” said Robert Love, executive vice president and head of Amalgamated Capital. “Its prospects for continued growth are excellent, and its strong management team will continue to run the company. We are grateful to KODA for bringing this opportunity to us and look forward to working with them on future transactions.”

“This was our first transaction with AmalCap,” said William S. Karol, president and CEO of KODA, “and we appreciated the smooth closing and their help in structuring a transaction that precisely fit Douglas’s needs at this point in its growth cycle.”

AmalCap provides asset-based financing to individual companies as well as cash flow-based senior secured financing to support investments made by private equity sponsors in high quality, lower middle-market companies across the United States.