MB Business Capital provided a new $18 million senior credit facility to Angola, IN-based AAA Sales & Engineering (AAASE), which provides high precision production machining services that can be found in almost all modes of transportation including automotive, heavy- and medium-duty trucks and agriculture.

Proceeds of the facility were used to enable Industrial Opportunity Partners, the equity company that owns AAASE, to purchase certain assets of General Products, refinance existing debt and fund working capital.

“We are extremely pleased that we were able to provide AAASE a comprehensive financial solution that meets all of the company’s needs. This new acquisition gives them the ability to expand into additional geographical locations, increase their market diversity, expand their manufacturing capacity and reduce expenses,” said Michael Sharkey, president of MB Business Capital.

Evanston, IL-based Industrial Opportunity Partners is a private equity investment firm.