Huntington Business Credit closed new $19.55 million revolving credit and term loan facilities with Pratt Industries.
Proceeds from the facilities were used to support the acquisition of Pratt Industries by LFM Capital, a private equity firm based in Nashville, TN, and to provide working capital and growth financing.
Bridgeman, MI-based Pratt Industries is a designer and manufacturer of specialized trailers and chassis in the heavy haul, construction, housing, logging, mining and other specialty niche industries.
