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MB Business Capital Provides Credit Facility to ACME Construction Supply

September 01, 2016, 07:41 AM
Filed Under: Distribution

MB Business Capital recently provided a new senior credit facility to ACME Construction Supply Co., Inc. (“ACME”), a Portland, Oregon-based company. ACME distributes specialty products to the commercial construction, residential housing, industrial maintenance, and consumer markets. Acme serves the West Coast market with stores in the Portland, Seattle, Reno, Sacramento, San Francisco, San Jose, Los Angeles and Phoenix areas. Proceeds of the facility were used to refinance existing debt and to fund working capital needs.

 “ACME is very well positioned to take advantage of the construction industry’s rebound and growth over the next several years. ACME offers a combination of geographic diversity and a broad breadth and depth of products to meet their various customers’ needs. We are very happy to welcome ACME to MB Business Capital and we are confident that the creative structure our team put together for ACME will give them the liquidity and flexibility they need to meet the Company’s growing demand.” says Michael Sharkey, President of MB Business Capital.

“From our first discussion, the team at MB Business Capital was very clear about their capabilities and requirements. Throughout our due diligence process, the team at MB expended a great deal of effort to gain a full understanding of our business, and its current pressures. Their proposal communicated genuine support of our rapid growth strategy of the last few years. From the proposal phase -- to the finalization of our deal, we did not see any change in the Bank’s requirements, and their timelines were adhered to. We have found MB to be a reliable partner – and look forward to the relationship.” says Jordan Bader, President and Owner of ACME.

MB Business Capital is the asset-based lending division of MB Financial Bank, a commercial bank headquartered in Chicago, Illinois.  MB Business Capital seeks asset-based lending opportunities in the $5 million to $50 million range and is offering dedicated syndication opportunities of up to $100 million. The firm can also provide access to the full range of business banking products and services offered by MB Financial Bank.

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