MB Business Capital said it provided a new senior credit facility to Fort Worth, TX-based Graco Supply. Graco is a value-added distributor of chemicals, specialty materials, consumables and related services to the aerospace and defense industries. 

Proceeds of the facility were used to facilitate the acquisition of Graco by CM Equity Partners and to fund working capital in conjunction with subordinated debt provided by Alcentra Capital.

NYC-based CM Equity Partners is a private equity firm focused primarily on the federal services and aerospace & defense industries, and also invests in the specialty industrial and business services sectors.

Alcentra Capital is a NYC-based provider of subordinated debt and equity to middle-market companies with EBITDA between $5 and $15 million. Alcentra is part of BNY Alcentra Group Holdings, which operates over 75 investment funds worldwide with $25.8 billion of total funds under management.  Alcentra seeks investments in defense-related businesses as one of its industry sectors.

“We were very pleased with MB’s proactive approach in proposing and moving their process along in an swift manner working expeditiously toward closing, as well as their ability to work cohesively with all of the parties involved in the deal”, said Wesley Gaus, a managing partner of CM Equity Partners.” 

Michael Sharkey, president of MB Business Capital says, “Our relationship-based approach helped everyone involved get this deal done quickly and efficiently. We look forward to a long successful relationship with Graco, CM Equity and Alcentra.”