Legacy Corporate Lending, an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, provided a $47 million asset-based credit facility to Precision Marshall, a manufacturer of de-carb free tool steel and specialty alloys.
Legacy put in a credit facility to support working capital and to provide flexibility with growth plans, with a borrowing base supported by accounts receivable, inventory, and machinery and equipment. The transaction closed in late December 2025.
“Precision was looking for a lender that could support our expansion and AI efficiency plans. It was clear that the Legacy team understood our businesses and industries, and we look forward to continuing our growth plans with their support. This new banking relationship will help us significantly grow our subsidiary, Central Steel Fabricators which supplies the necessary racking and fixtures for Data Centers,” Tom Sedlak, CEO of Precision Marshall, said.
Margaret Ceconi, executive vice president at Legacy, added, “Precision Marshall’s disciplined operations and long-standing market position make them a strong partner. Legacy is pleased to support the company as it continues to execute its growth strategy.”
