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MB Business Capital Provides $23MM Credit Facility to Aero Precision, Subsidiaries

April 06, 2017, 07:16 AM
Filed Under: Manufacturing

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $23,168,000 senior credit facility to Tacoma, Washington-based Aero Precision, LLC and its majority owned subsidiaries; Apopka, Florida-based Ballistic Advantage, LLC and Somersworth, New Hampshire-based Fall Machine Company, LLC.

Aero Precision is a high-volume precision manufacturer of specialty fabricated metal components. The Company also operates an online retail store from which it sells high-performance components, accessories, branded products, apparel and related supplies. Aero is a portfolio company of White Wolf Capital, LLC. MB’s credit facility will be used to fund working capital needs and continued growth.

“We are extremely happy to welcome Aero as a new customer and White Wolf Capital as a new key partner. MB Business Capital was able to facilitate a comprehensive lending solution that allows for their continued growth.” says Michael Sharkey, President of MB Business Capital.

Miami, Florida-based White Wolf Capital is a private investment firm that is focused on management buyouts, recapitalizations and investments in leading middle market companies. In general, White Wolf Capital seeks both mezzanine and private equity investment opportunities in companies that are headquartered in North America with $10 million to $100 million in revenues. Preferred industries include: manufacturing, business services, information technology, security, aerospace and defense.

“We are very excited about this new partnership. MB worked with us to understand our business and develop a customized solution to fit our growth needs. ” says Elie Azar, Founder and CEO of White Wolf Capital.

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