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Sterling National Bank Provides $40MM Credit Facility to SDI

February 14, 2018, 07:18 AM
Filed Under: Specialty Industries

Sterling National Bank provided senior secured credit facilities totaling $40,000,000 to SDI, Inc.  Founded in 1971 and Headquartered in Bristol, PA, SDI provides solutions for all aspects of the maintenance, repair and operations (MRO) supply chain for industrial and institutional customers in the U.S., Mexico and Canada. The Company’s customers span a range of industries, including food, beverage, automotive, chemical and medical equipment. SDI offers customers cloud-based ordering, data management with predictive analytics, reliability engineering, warranty tracking and contract compliance, inventory procurement, storeroom management and accounts payable processing. SDI's platform coordinates, aligns and optimizes every step of the business process to drive enterprise-wide efficiencies and optimization for a more connected supply chain. SDI is a portfolio company of LLR Equity Partners, Pouschine Cook Capital Management and Prudential Capital Group. SDI was sourced by Steve Altneu, in our New York office.

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