MidCap Business Credit closed on a $5 million asset-based credit facility for Premier Engineered Products, a portfolio company of Colfax Creek. The opportunity was sourced out of MidCap’s regional office in Atlanta, GA.
“Working with Colfax and Premier Engineered Products allowed MidCap to quickly underwrite this transaction and provide working capital to fund the business growth,” Rusty Bramlett, senior vice president of MidCap Business Credit, said. “We look forward to working with Premier as they continue their commitment to delivering high-quality metal casting proudly ‘Made in America.’”
“MidCap’s financing team moved quickly and were exceptional to work with,” Jason Duzan, principal at Colfax Creek, said. “They proactively addressed any issues, ensuring a smooth and efficient process from start to finish when time was of the essence.”
