CIT Northbridge Credit, through its investment advisor CIT Asset Management, served as sole lead arranger on a $20 million senior secured credit facility for Marquis Construction Services.
Headquartered in Clute, TX, Marquis Construction Services is a multi-disciplined, soft-craft provider of industrial and construction services, including scaffolding, insulation, sandblasting and painting, environmental abatement, fireproofing and industrial siding.
“We are proud of the strong position we’ve built in the soft-craft industry and look forward to continuing to advance our business with this new credit facility,” Roy Ledbetter, president of Marquis Construction, said. “We appreciated the agility and expertise of CIT Northbridge in arranging this financing to support our strategy.”
“We are pleased to work with Marquis Construction Services to arrange this credit facility as they continue to serve their customers with a diverse array of soft-craft construction services,” Neal Legan, who leads CIT Northbridge, said.
CIT Northbridge Credit supports middle-market companies with asset-based debt solutions. A joint venture advised by CIT Asset Management, it provides revolving and term loan commitments from $15 million to $150 million to companies across various industries and business cycles, and serves primarily as sole lender, agent, club participant or co-lender.