CapX Partners closed a $15 million lease line of credit to Gehl Foods, a contract manufacturer/packager.

Headquartered in Germantown, WI, Gehl creates shelf-stable, dairy-based cheese sauces, puddings, yogurt and nutritional beverages. Gehl products are sold through both foodservice and retail channels.

CapX recognized Gehl’s long-standing reputation for quality, safety, and performance in the dairy product manufacturing industry. With robust growth opportunities on the horizon and the need for increased production capacity, CapX provided the company with a customized lease line of credit to fund new automated cartoning and bottling production lines and will fulfill the Company’s need for increased manufacturing capacity.

Tim Preuninger, CFO at Gehl Foods, said, “We have found CapX very easy to work with. They are extremely responsive, they do what they say they will do, and they offered a strong financing program that was flexible to meet our needs.”

CapX Partners is a specialty finance company that focuses on private equity and venture backed portfolio companies looking for debt financing in the $2-$20 million range.