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MB Business Capital Announces $9.257MM Credit Facility for Boehm Pressed Steel

May 03, 2017, 07:10 AM
Filed Under: Steel

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $9,257,000 senior credit facility to Valley City, Ohio-based Boehm Pressed Steel Company. Founded in 1918, Boehm is a manufacturer of custom metal stampings used in the manufacturing/assembly of appliances, automobiles, trucks, mining equipment, consumer products and industrial equipment.

MB’s credit facility was used to support Validor Capital’s purchase of a portion of the Boehm’s stock and to fund working capital needs.

Validor Capital is a private investment firm based in Boca Raton, Florida, that is focused on acquiring majority interests in established privately held enterprises in the small to middle market. Validor’s focus is on manufacturing and industrial service businesses.

“MB Business Capital is very well versed in the metal industry. With over 20% of our portfolio in metal related industries we understand the challenges our customers face. MB provides creative solutions that help our customers manage their challenges and run successful organizations. We are extremely happy to welcome both Validor Capital and Boehm to MB.” says Michael Sharkey, President of MB Business Capital.

“MB Business Capital closed what they proposed. They provided a comprehensive facility that aligns with the growth and capital needs of Boehm and Validor.” says Matthew Kaufman, Managing Partner of Validor Capital.

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