March 31, 2017 — Refinancing
MB Business Capital, a division of MB Financial Bank, N.A., provided a $23,168,000 senior credit facility to Aero Precision, LLC and its majority-owned subsidiaries: Ballistic Advantage, LLC and Fall Machine Company, LLC. Aero is headquartered in Tacoma, Washington, with subsidiary operations in Apopka, Florida and Somersworth, New Hampshire.
Aero operates as a portfolio company under White Wolf Capital. The financing from MB Business Capital will support working capital requirements and facilitate continued organizational expansion.
Michael Sharkey, President of MB Business Capital, expressed enthusiasm about the partnership. Elie Azar, Founder and CEO of White Wolf Capital, similarly noted excitement about the collaboration and the tailored lending approach.
MB Business Capital specializes in asset-based lending for companies ranging from $5 million to $50 million, with syndication capabilities up to $100 million. MB Financial Bank, headquartered in Chicago, maintains approximately $19 billion in assets and operates as a middle-market focused institution.
White Wolf Capital, established in late 2011, targets direct and indirect investments in North American middle-market enterprises with revenues between $20 million and $200 million. The firm maintains offices in Miami, Chicago, Montreal, and New York City.