MCG Capital has closed a $16.8 million subordinated term loan investment in Chase Doors, a manufacturer of specialty door systems and a portfolio company of Sentinel Capital Partners. The new capital from MCG was used to support a recent add-on acquisition by Chase Doors.
Chase Doors, acquired by Sentinel in December 2010, manufactures specialty door systems used in a variety of industrial and commercial settings. Products include corrosion resistant doors used for hazardous material handling; cold storage doors used in walk-in freezers and refrigerators; double impact traffic doors used in supermarkets and restaurants; and strip and roll-up doors used in warehouses. The company serves an array of end markets, including retail, industrial, pharmaceutical, food processing, distribution, postal and institutional. Chase Doors has more than 300 employees and five vertically integrated manufacturing facilities. The company was founded in 1932 and is based in Cincinnati, OH (www.chasedoors.com).
MCG Capital is a commercial finance company providing capital and advisory services to middle-market companies throughout the United States. The firm typically invests in companies with $20 million to $200 million in revenue and $3 million to $25 million in EBITDA. MCG Capital is based in Arlington, VA (www.mcgcapital.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-18-13