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MB Business Capital Announces New Revolver for Zorch International

May 02, 2018, 08:00 AM
Filed Under: Distribution

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new Revolving Credit Facility to Chicago, Illinois-based Zorch International, Inc. Founded in 2001, Zorch is a value-added distributor of branded promotional products with a state-of-the-art supply chain model built around key relationships with industry-leading suppliers and their Fortune 500 clients. MB’s credit facility was used as part of the acquisition of Zorch by Satori Capital and will fund working capital needs going forward.
 
Satori Capital is a Texas-based multi-strategy investment firm founded upon the principles of conscious capitalism. Satori’s private equity business partners with leadership teams of companies with $5 million to $25 million of EBITDA that operate with a long-term perspective, commit to their mission or purpose, and create value for all stakeholders.
 
“We are happy to welcome Zorch, a growing local Chicago-based business, and Satori Capital to MB. We were able to structure a financing that fit the needs for this transaction, move through our process in a very timely manner, and provide Zorch with easy access to our diverse offering of bank products,” said Michael Sharkey, President of MB Business Capital.

 

 





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