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BofA Business Capital Provides Revolving Credit Facility to Thalheimer Brothers

August 09, 2017, 07:14 AM
Filed Under: Recycling

Bank of America Business Capital has provided an asset-based revolving credit facility to Thalheimer Brothers, LLC. Proceeds will be used to refinance existing debt and to provide ongoing working capital financing to support their short- and long-term growth initiatives.

Thalheimer Brothers, a portfolio company of Audax Group, is a leading nonferrous scrap metal processor of brass, copper, nickel alloy and stainless steel. The business began in 1939 in Philadelphia, PA, as a small family operation primarily handling copper bearing residues for brass foundries in the region. Today, the company has grown into one of the largest nonferrous scrap metal processing companies in the United States, serving a diverse customer base of foundries, mills and refineries around the globe. The business was built by emphasizing product quality, value and customer service. 

“Bank of America Merrill Lynch is pleased to provide an ABL solution to Thalheimer Brothers that supports their immediate and long-term growth goals. Thalheimer is an established company within the scrap metal market with an experienced management team, and we look forward to helping their team continue their success,” said Seth Benefield, Marketing Manager for the Eastern Division of Bank of America Business Capital.

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