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Sterling National Bank Provides More Than $6MM to Astro-Tek Industries

June 19, 2018, 07:09 AM
Filed Under: Aerospace

Sterling National Bank provided senior secured credit facilities totaling $6,288,000 to Astro-Tek Industries LLC.

Established in 2006, Astro-Tek is a distinct precision tooling manufacturing company that primarily manufactures parts and equipment for the aerospace industry. Headquartered in Anaheim, CA, the Company is known for its ability to produce complicated products made of hard and soft metals that require in-house designing, laser cutting, machining, welding, assembly, testing and painting.

The deal was sponsored by White Wolf Capital, an operationally focused private equity firm based in Miami, FL. This transaction was sourced by Jan Hanssen, a Senior Vice President located in Sterling’s Los Angeles office.

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