Daily News: September 8, 2017

Veritas Provides $7.5MM Facility for Colonna Brothers

Veritas Financial Partners closed a $7.5 million credit facility for Colonna Brothers in support of its future growth.

Evan Nadler, senior vice president of Veritas Financial Partners, said, “I am thankful to the Colonna family for putting their faith in the Veritas team and thrilled that we delivered a successful outcome. I wish them continued success with their business.”

Headquartered in North Bergen, NJ, Colonna is a fourth generation family owned business involved in packaging and distributing cheese, bread crumbs and other specialty food items under its Colonna brand name and private label brands.

Mark Colonna, vice president and co-owner of Colonna, said, “Colonna is extremely grateful to the Veritas team – their talent and sophistication in closing a complex transaction provided significant value to Colonna as we seek to capitalize on opportunities in our market. We are looking forward to a long and successful relationship with Veritas.”