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Article: Praesidian Provides $8.5 Million to Finance Recapitalization of Leading Global Welding Equipment Company.
- Article from:
- PR Newswire
- Article date:
- February 7, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Arc Machines, Inc.'s Management Team and Marwit Capital Partner With Leading Mezzanine Provider to Drive Growth
NEW YORK, Feb. 7 /PRNewswire/ -- Praesidian Capital Investors, a leading provider of mezzanine capital for small and mid-sized companies, has provided $8.5 million of senior subordinated debt and $250 thousand of equity to support the recapitalization of Arc Machines, Inc. ("AMI") by Marwit Capital and AMI Management.
Headquartered in Pacoima, California, AMI is the leading designer, manufacturer and distributor worldwide of a broad range of automated orbital welding equipment which is sold to a "blue-chip" client list -- in a wide variety of ...