St. Louis, MO, July, 2021
Capital For Business, Inc.® (CFB) is pleased to announce that it recently completed an investment in Panek Precision Products LLC. (Panek). Panek is a manufacturer of precision machined metal components and sub-assemblies for original equipment manufacturers. Panek focuses on high volume opportunities where its multiple CNC and screw machine capabilities under one roof, its commitment to robotics and automation, and its years of know-how allow the company to provide solutions for its customers’ most demanding applications.
CFB provided subordinated debt and equity alongside Holleway Capital Partners (St. Louis, MO), Northcreek Mezzanine (Cincinnati, OH), Wells Fargo Strategic Capital (Chicago, IL) and the Panek management team.
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.