LBC Credit Partners Provides $12,500,000 Secured Mezzanine Loan to AFCO
PHILADELPHIA, July 9, 2013 /PRNewswire/ -- LBC Credit Partners ("LBC"), a leading provider of financing solutions to middle market companies, announced that it was Agent and Sole Lender for a $12.5 million secured mezzanine loan to support the recapitalization of Alex C. Fergusson, LLC ("AFCO"), a Larsen MacColl Partners portfolio company.
Headquartered in Chambersburg, PA, AFCO is the leading supplier of cleaning and sanitizing chemicals and contract cleaning services to food and beverage processors. As a full-service partner to customers, AFCO provides expertise, process and equipment solutions, and hands-on support through all areas of cleaning, sanitizing, water management, food manufacturing and food safety.
Based in Radnor, Pennsylvania, Larsen MacColl Partners invests in profitable and established companies in the consumer product, business service, transportation and logistics, specialty manufacturing and distribution industries. They seek to partner with companies with proven business models, solid management teams and significant growth opportunities. Larsen MacColl invests in lower middle-market businesses with tremendous potential, relying on organic growth and strategic acquisitions to create returns rather than high leverage and financial engineering. Larsen MacColl is investing out of its second committed fund.
About LBC Credit Partners
LBC Credit Partners is a leading provider of middle market financing solutions including senior term, unitranche, second lien, junior secured and mezzanine debt and equity co-investments supporting sponsored and non-sponsored transactions. With over $1.3 billion of committed capital, LBC has made investments in companies located throughout North America across a wide range of industries and is committed to a long-term approach to debt investing. Headquartered in Philadelphia, LBC has additional offices in New York City and Chicago.
To learn more about LBC Credit Partners, visit www.lbccredit.com.
Information as of May 31, 2013.
Phone: (610) 631-5702
SOURCE LBC Credit Partners