With the transaction closed, Syntron Material Handling is now a manufacturer of conveyor and vibratory equipment used to load, transport and feed bulk materials. Products are sold to customers throughout the world in the mining, aggregates, packaging and food industries. Syntron is headquartered in Tupelo, MS and has operations in Changshu, China and Salt Lake City, UT (no website found).
Senior debt financing was provided by CIT Finance (as Sole Lead Arranger, Sole Lead Bookrunner and Sole Administrative Agent), Siemens Financial Services (as Syndication Agent) and Ares Capital Corporation (as Documentation Agent).
Levine Leichtman Capital Partners manages approximately $7 billion of capital through private equity partnerships, distressed debt and leveraged loan funds. The firm is currently making new investments through Levine Leichtman Capital Partners V, LP; Levine Leichtman Capital Partners SBIC Fund, LP; and Levine Leichtman Capital Partners Private Capital Solutions II, LP. The firm is based in Los Angeles with offices in Chicago, Dallas, New York and London (www.llcp.com).
© 2014 PEPD • Private Equity’s Leading News Magazine • 5-1-14