Veritas Financial Partners

Transaction Announcements

  1. Veritas Financial Partners Provides $16 million for Chicago American Manufacturing

    BOCA RATON, November 2, 2016 — Veritas Financial Partners announces the closing of a $16 million asset based revolver and term loan credit facility for Chicago American Manufacturing, LLC (“CAM”).  CAM utilized the proceeds to refinance their existing senior debt and to provide additional working capital for the business.

    Evan Nadler, Senior Vice President of Veritas Financial Partners, said, “Closing this transaction validates the recent opening of our Chicago office as we continue to build our presence throughout the Midwest. In this competitive market, it is imperative for us to deliver sophisticated working capital solutions while being resourceful to the efforts of the professionals who rely on our ability to execute.”

    Based in Chicago, Illinois, CAM is a leading producer of a variety of consumer and commercial fan products, utility carts, and metal office cabinetry in the United States.  CAM provides a full suite of services, including design, engineering, manufacturing, and finishing.  The company operates out of a 275,000 sf state-of-the-art plant and has close alliances with its two major affiliated entities; Blackhawk Steel Corp. which is a steel marketer, and Dockside Steel Processing, which operates as a steel processor.

    Mark Hermann, Chief Executive Officer of CAM, said, “The Veritas team succeeded in crafting a comprehensive financing solution that addressed our objectives and business opportunity, and then executed at the highest caliber to deliver a successful transaction.”

    About Veritas Financial Partners

    Veritas Financial Partners is a specialty finance firm that provides $2 – $20 million senior secured credit solutions to businesses across various industries. Veritas serves entrepreneurs and private equity sponsors by delivering the flexible, responsive capital needed to achieve their goals. As an affiliate of an investment fund with $2 billion in assets under management, Veritas benefits from a substantial long term capital base.

  2. Veritas Financial Partners Provides $9.0 million for Free Flow Wines

    BOCA RATON, October 25, 2016 — Veritas Financial Partners announces the closing of a $9.0 million credit facility for Free Flow Wines LLC.  Veritas provided its financing in connection with a growth equity investment.  Free Flow will use the recapitalization to fund the opening of a new East Coast facility together with growing its fleet of […] Read More »

  3. Veritas Financial Partners Provides $8.5 million for Stainless Foundry

    BOCA RATON, August 10, 2016 — Veritas Financial Partners announces the closing of an $8.5 million credit facility for Stainless Foundry & Engineering Inc. (“SFE”) to refinance their existing senior debt and provide additional capital for an opportunistic transaction set to close in the fourth quarter. Established in 1946 & headquartered in Milwaukee, Wisconsin, SFE is […] Read More »

  4. Veritas Financial Partners Leads Growth Financing For Archie Comics

    Veritas Financial Partners has provided working capital and growth financing to Archie Comic Publications, Inc.  The financing supports the company’s current publishing operations as well as its expansion and diversification into various media segments. Archie Comics is the leading mass market comic book publisher in the world and the home to some of the most […] Read More »

  5. Veritas Funds Two Transactions in Two Days Totaling $7.1 Million

                           Veritas Financial Partners completed two transactions: 1) $1.5 million participation in a working capital facility for a hardwood lumber distributor based in North Carolina. Veritas funded this transaction within 12 days of introduction. 2)$5.6 million combined revolver plus term loan to a leading fabricator of food […] Read More »