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Sterling National Bank Provides $5.7MM Credit Facilities to LCP Machine

May 23, 2018, 07:08 AM
Filed Under: Manufacturing

Sterling National Bank provided credit facilities totaling $5.7 million to LCP Machine, LLC to support the acquisition of LCP Machine by White Wolf Capital. In addition to the acquisition, the facility will also be used by the company to expand their business, which is currently working at full capacity.

Founded in 2003, LCP Machine is a full service CNC machine shop, manufacturing precision components and servicing a wide spectrum of companies from small local manufacturers to large publicly listed companies. LCP Machine serves companies in multiple industries including, medical, aerospace, energy and defense utilizing advanced CNC lathes with live tooling and CNC mills with full 5 axis capabilities.

This deal was sponsored by White Wolf Capital, an operationally focused private equity firm based in Miami, FL. LCP Machine was sourced by Jan Hanssen, an Originator in Sterling’s Los Angeles office.

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