Stadco, Inc., a Los Angeles, CA-based maker of high-precision components and tooling for the commercial aerospace, defense, space, and industrial markets, secured $13.35m in financing.
Five Crowns Credit Partners provided the financing (consisting of revolver, term loan, and preferred equity).
The company intends to use the funds to refinance existing debt and provide additional working capital for growth. Its growth plan includes both organic initiatives and strategic acquisitions.
Stadco is a manufacturer of high-precision components and tooling for the commercial aerospace, defense, space, and industrial markets. It is a key supplier of large, flight-critical components on several aircraft platforms.
FinSMEs
14/01/2019