Great Lakes Metal Stamping has acquired Funding through MB Business Capital

Industrials Manufacturing, Industry Industrials Manufacturing, Transaction Financings and Recapitalizations, Transactions

MB Business Capital, a division of MB Financial Bank, N.A., recently provided a new $8 million senior credit facility to Bridgman, Michigan-based Great Lakes Metal Stamping, Inc. (“GLMS”). Proceeds of the facility were used to fund working capital needs. Great Lakes Metal Stamping manufactures aluminum and steel stampings for a variety of markets, including agricultural, appliance and automotive. The company operates facilities in Bridgman, MI and Cusseta, AL. From concept to launch, GLMS offers a one stop shop for all stamped products. The company provides prototype fabrication as well as low- and high-volume production. Other value-added services include die building, welding, and assembly.

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.

Cascade Partners (BlueWater Partners) served as exclusive financial advisor to and arranged financing for GLMS.

Update: BlueWater Partners has joined Cascade Partners. Read more here.