Stonebriar Commercial Finance announced the closing of a $55 million equipment lease facility with a private equity-owned manufacturer of ceramic fiber products and specialty microfiber materials. Through manufacturing plants worldwide, the lessee makes and markets engineered products serving a diverse customer base across broad global end markets.
The lease facility supported the construction of a new manufacturing line as well as the monetization of an existing line via a sale-leaseback. Both manufacturing lines represent expansion capacity as demand for the finished goods continues to increase.
John Cyphers, Stonebriar managing director, stated, “For over a century this well-managed enterprise has successfully engineered and manufactured specialty products critical to its customers’ operations. The subject manufacturing lines are essential to the continuity of this exceptional performance history.” Jon Dahlfors, Stonebriar investment analyst, added, “We take great comfort in this company’s long and impressive history, its proven management team and committed ownership, the strength and structure of its balance sheet, the contracted market demand for its products and the integral role these lines play in getting them to market.”
For more information contact:
Kyle Parks: (469) 609-8525 Kyle.Parks@StonebriarCF.com
John Cyphers: (410) 925-6445 John.Cyphers@StonebriarCF.com
We’d like to hear from you. Please fill out the form below to have someone contact you.