LBC Credit Partners, a finance solutions provider to middle market companies, agented a senior secured credit facility to support the acquisitions of Diversified Air Systems and Swanson Flo by Motion & Control Enterprises, a portfolio company of Frontenac.
Founded in 1979 and based in Ohio, DAS is a stocking distributor of air compressors and related products, including vacuum and water recovery systems, nitrogen/oxygen generators, cooling towers and chillers.
Based in Minnesota, Swanson Flo is a regional distributor of process instrumentation, flow control valves, actuators and other related equipment.
Founded in 1951, Motion & Control Enterprises is a supplier of technical fluid power, lubrication, compressed air and flow control products that solve customer problems across fluid connector, hydraulic, pneumatic, compressed air, process valve and instrumentation technologies.
LBC Credit Partners provides middle market and small-cap financing solutions supporting sponsored and non-sponsored transactions throughout the U.S.