MB Business Capital provided a new revolving credit facility to Zorch International. The facility was used to support the acquisition of Zorch by Satori Capital and will fund working capital needs going forward.
Founded in 2001 and based in Chicago, Zorch is a value-added distributor of branded promotional products with a supply chain model built around key relationships with industry-leading suppliers and their Fortune 500 clients.
Satori Capital is a Texas-based investment firm that partners with leadership teams of companies with $5 million to $25 million of EBITDA that operate with a long-term perspective, commit to their mission or purpose and create value for all stakeholders.
“We are happy to welcome Zorch and Satori Capital to MB. We were able to structure a financing that fit the needs for this transaction, move through our process in a very timely manner, and provide Zorch with easy access to our diverse offering of bank products,” said Michael Sharkey, president of MB Business Capital.
