St. Louis, MO, July, 2020
Capital For Business, Inc.® (CFB) is pleased to announce that it recently completed an investment in Entegra Attachments, LLC. (Entegra), to acquire Bloom Manufacturing, Inc. (Bloom). Bloom is a 110-year-old manufacturer and marketer of branded, standard and custom designed worm drive and planetary winch systems for a host of lifting and pulling applications.
“We’re highly enthused to have Bloom serve as the first cornerstone company of the Entegra portfolio strategy. Bloom has a very rich 110-year history of providing high quality, industrial products worldwide. For several decades, Bloom has refined an extremely unique niche proposition of providing highly durable and reliable worm gear and planetary gear winches, as well as speed reducers across a wide span of mobile and stationary work platform applications. Bloom reinforces this proposition with short lead times and offers custom designs with no minimum quantities. The company is broadly recognized for its customer service and engineering expertise. These are all solid, foundational attributes, upon which we expect to grow substantially!” – Michael P. Flannery, CEO, Entegra.
CFB partnered with B12 Capital Partners (Leawood, KS), UMB Capital Corporation (Kansas City, MO) and with Michael Flannery, CEO of Entegra, to complete this transaction.
About Capital For Business
Capital For Business (CFB) is a St. Louis-based private investment firm owned by Commerce Bancshares, Inc. focused on providing capital to middle-market businesses with proven management teams and a high potential for growth. Founded in 1959, CFB is one of the oldest small business investment companies (SBICs) in the nation, and has invested in numerous companies across a wide range of niche consumer, commercial, distribution, manufacturing, and service markets throughout the United States.