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Commercial Finance Partners Closes $15MM Acquisition of Metal Stamping and Plating Firm

June 01, 2023, 07:00 AM
Filed Under: Mergers & Acquisitions

Commercial Finance Partners (CFP) announced it has facilitated the closing of $5,235,000 Conventional Term Loan and $4,000,000 Revolving AR Line of Credit to support the acquisition of a Metal Stamping and Plating Company located in Texas.

Engaged by the sponsor with whom CFP had closed numerous prior transactions, CFP was able to put together a term loan and revolver to support both the acquisition and the ongoing working capital needs. The remainder of the transaction was financed by the sponsor, as well as the seller. Without the collateral to support a traditional equipment leveraged buyout, the company engaged CFP to provide a solution that would yield an LTV in excess of 100 percent on the term side, while carving out the receivables for ongoing liquidity.

“The transaction we closed is a quintessential transaction for Commercial Finance Partners and how we are able to put together structurally complex solutions for our clients,” said Darren Palestine, Managing Partner. “It was great to work with an existing client and deliver another successful outcome for the growing portfolio of businesses for the sponsor.”  

Commercial Finance Partners provides funding solutions for small to middle market companies seeking non-traditional sources of capital and working capital. Through direct lending and partner programs, Commercial Finance Partners is the one-stop shop for any non-bank financing need. Its product offering includes accounts receivable financing, SBA 7a and 504, asset-based loans, equipment financing, real estate loans, and other non-traditional loan products to fit almost any small to medium size business financing request.  

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