CFB Completes Investment in New Life Chemical, LLC

St. Louis, MO, October, 2023

Capital For Business, Inc.® (CFB) is pleased to announce that it recently completed an acquisition of New Life Chemical & Equipment, Inc. (New Life) via a new specialty chemical manufacturing platform investment: Paladin Holdings, LLC (Paladin). New Life, located in Greenville, SC, is a leading chemical beneficial reuse manufacturing and distribution company serving a diverse array of end markets. The New Life purchase represents the first of several acquisitions in Paladin’s growth strategy.

CFB provided subordinated debt and equity alongside Makai Capital Partners (Makai Capital) and Konza Valley Capital, Inc. (KVCI) to complete the transaction.  The investor group also partnered with senior management. The entire New Life management and production team will remain with the Company.

For over 25 years, New Life has been a trusted partner to chemical manufacturing companies who need a better alternative to disposing of surplus, expired, orphaned or unwanted chemicals that otherwise are still usable.  New Life finds beneficial reuse alternatives for these chemicals in a safe and environmentally friendly manner.  New Life has extensive expertise and capabilities to reformulate as needed and find uses and customers for these surplus chemicals in the secondary market, thereby transforming waste and giving it “New Life.”  Tim Northcutt, New Life’s President added, “I’m excited to be a part of this next chapter for New Life. We have a great company, and I believe working with this investor group will enable us to expand what we do, who we serve and ultimately have an even greater positive impact on the communities where we work and live.”

About Capital For Business

CFB is a St. Louis-based private investment firm, owned by Commerce Bancshares, Inc., 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 is focused on control buyouts of value-added manufacturing, distribution and business services companies throughout the United States.