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MB Business Capital Provides Acquisition Financing to J & E Manufacturing

May 18, 2017, 07:15 AM
Filed Under: Manufacturing

MB Business Capital announced it recently provided a new $5,000,000 senior credit facility to Lakeville, Minnesota-based J & E Manufacturing, Co. (J & E).  

J&E is a contract manufacturer of precision metal components. The company manufactures custom fabrications using sheet metal, stampings and machined components. In addition, the company also has welding, metal spinning, assembly and powder coat capabilities. MB’s credit facility will be used to facilitate the acquisition of Leaf Industries, Inc. and to fund working capital needs. Plymouth, Minnesota based-Leaf Industries is a manufacturer of precision sheet metal related components, weldments, assemblies, and products.

“MB Business Capital has a proven track record of providing successful solutions to the metal stamping and forging industry. I am very pleased that our team was able to provide a financial package that allows for J & E’s acquisition of Leaf Industries and for their continued growth. ” says Michael Sharkey, President of MB Business Capital. 

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