LBC Credit Partners provided a secured mezzanine loan to support the acquisition of Techniks Industries by Audax Private Equity in partnership with the company’s management team. Techniks was previously owned by Tenex Capital Management, a private equity firm based in New York.

LBC Credit Partners said it served as agent for the secured mezzanine loan facility.

Indianapolis, IN-based Techniks is a provider of industrial cutting tools and tool holders in North America. Techniks was formed by the merger of NAP Gladu and Techniks in 2012. NAP Gladu manufactures and services wood and metal cutting tools used in building materials and industrial end markets. Techniks supplies tool holding and work holding products used in CNC machine applications for general industrial end markets.