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MB Business Capital Announces Credit Facility for Dalton Corporation

November 15, 2017, 07:00 AM
Filed Under: Metals and Mining

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new senior credit facility to Warsaw, Indiana-based Dalton Corporation and affiliates. Dalton provides large, heavily-cored and complex iron castings for agriculture, railroad, construction, air conditioning/refrigeration, heads/blocks, power transmissions, material handling and medium/heavy-duty truck transmissions. MB’s credit facility was used to refinance existing senior indebtedness and will fund working capital needs going forward.

Dalton is a portfolio company of Ann Arbor, Michigan-based Speyside Equity. Speyside employs an operationally intensive approach to investing in industrial, specialty chemicals, and food ingredients businesses. Speyside targets companies with a history of strong revenue, a defensible position in their respective markets, and a core group of managers that can move the business forward. Speyside prefers situations where there are opportunities to leverage its operating expertise to improve financial performance and create sustainable long-term value.

Speyside Equity is a valued key partner and we welcome their portfolio company Dalton to MB. The facility that MB Business Capital delivered will allow Speyside to maintain their focus on moving Dalton forward.” says Michael Sharkey, President of MB Business Capital.


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