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Fifth Third Business Capital Supports Precision Marshall with $43MM Credit Facility for Acquisition of Kinetic

August 15, 2022, 07:34 AM
Filed Under: Manufacturing

Fifth Third Business Capital provided a $43 milllion capital expenditure facility, revolving credit facility and term loan to support Precision Marshall on the acquisition of Kinetic Co., Inc.

Kinetic was founded in 1948 and is recognized as one of the world's premiere manufacturers of industrial knives for the tissue, metals, plastic, wood and recycling industries and was recently acquired by Precision Marshall.
Precision Marshall, based in Washington, PA, is a leading value-add supplier of prefinished tool steel and alloy plates, ground flat stock, and drill rod to distributors/ service centers across the globe. The Company's products are used primarily by tool-builders to manufacture dies and molds that produce metal and plastic components for a variety of end markets, including automotive, appliance, and aerospace. Precision Marshall is a portfolio company of Live Ventures, Inc.

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