"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.
CHICAGO (PRWEB) November 08, 2017
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”). 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”). 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.
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 $35 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 $20 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.