Daily News: September 6, 2018

Siena Lending Closes $3.75MM Facility For MDT Holdings

Siena Lending Group completed a $3.75 million asset-based revolving credit and term loan facility for MDT Holdings, the owner of Michael Dusi Logistics (MDL). The facility will be used to support the company’s growth and expansion initiatives as well as for general working capital requirements.

MDL, based in Paso Robles, CA, is a niche, third-party logistics firm that provides a broad suite of specialized solutions to the wine and craft beer industry. In March 2018, MDL received a controlling investment from Headhaul Capital Partners and Tattooed Dog II — private equity firms focused on the transportation and logistics industry.

“Working diligently with the management team, we were able to structure a facility that provides MDL with greater financial flexibility and incremental liquidity to support their growth,” stated Scott Elliotto, director of Siena Lending Group. “We have successfully worked with Headhaul on a previous transaction and we appreciate the opportunity to partner with them again.”

Headhaul is a New York-based middle market private equity firm focused on investing in and building businesses in the transportation, logistics and distribution industries.