(PRWEB) October 24, 2014
MB Business Capital, a division of MB Financial Bank, N.A., is pleased to announce it recently provided a $6,000,000 Senior Revolving Credit Facility for Houston, Texas based Avantech Testing Services, LLC. The company is a full provider of non-destructive testing (“NDT”) services and equipment primarily for the oil and gas industry. Avantech NDT service offerings cover the entire oil country tubular goods market consisting of drill pipe, casing and tubing products used in oil and gas production. The NDT services are performed onsite at either the well head (drilling location) or at the mill. Proceeds of the facility were used to refinance existing debt and fund ongoing working capital.
Avantech is a portfolio company of LaSalle Capital (“LaSalle”), a private equity firm located in Chicago, Illinois with extensive experience in the lower middle-market. LaSalle currently manages two funds totaling over $330 million in capital. The LaSalle team has deep experience in partnering with management teams to grow and develop small businesses. The firm leverages its industry expertise to provide strategic, financial and operational focus to companies to promote growth organically and through acquisitions.
About MB Business Capital
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.
About MB Financial, Inc. (NASDAQ: MBFI)
MB Financial Inc. is the Chicago-based holding company for MB Financial Bank, which has approximately $15 billion in assets and a more than one hundred year history of building deep and lasting relationships with middle-market companies and individuals. MB offers a full range of powerful financial solutions and the expertise and experience of bankers who are focused on their clients’ success.
Learn more about MB Financial, Inc. at http://www.mbfinancial.com.