LBC Credit Partners, a provider of financing solutions to middle-market companies, provided a senior secured credit facility to support Morgenthaler Private Equity’s investment in Ideal Aluminum. LBC served as agent and sole lender for the facility.
Headquartered in Florida, Ideal Aluminum is a designer and manufacturer of aluminum fences, gates, railings and other related outdoor products for residential and commercial applications. The company offers more than 1,500 fences, gates, railings and other premium outdoor products as well as a range of specialty custom products in varying designs, colors and sizes. The company sells direct to a customer base of fence installers as well as through select distributor partners.
With offices in Ohio and Massachusetts, Morgenthaler Private Equity invests in lower middle-market companies with transaction values up to $250 million. Morgenthaler Private Equity focuses on leveraged buyouts, recapitalizations and build-up investments with entrepreneur- and family-owned businesses and corporate divestitures. Morgenthaler Private Equity has two primary target investment areas: high-value manufacturing and commercial and industrial services.