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Gibraltar Closes $9.5MM in Total Credit Facilities for Two Firms

June 06, 2018, 08:00 AM
Filed Under: Industry News

Gibraltar Business Capital closed a $6 million credit facility with Dickinson Press, a Grand Rapids, Mich.-based printer of books and other materials. With its initial funding, Dickinson was able to repay funds used to acquire another bindery operation that will allow it to better serve its existing customer base as well as attract new clients.

A sponsor-owned company that provides reprocessing solutions for industrial manufacturing fluids needed additional working capital to support growth and new ventures. After its equity owner expanded its capabilities through new acquisitions, Gibraltar refinanced and expanded the company’s revolving working capital access with a $3.5 million line of credit commitment.

With the two deals, Gibraltar reached $150 million in total commitments for the first time in its history.

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