CFB Completes Investment in Patterson Mold and Tool, LLC

St. Louis, MO, December 2021

Capital For Business, Inc.® (CFB) is pleased to announce that it recently completed an investment in Patterson Mold and Tool, LLC (Patterson). Based in St. Charles, Missouri, Patterson is a designer and manufacturer of complex tooling used in the die casting industry.  Patterson provides engineering support and collaborates with die casting providers and their end customers, from prototype development to production tooling, and provides tool and die repair and refurbishment services.  In addition, Patterson utilizes its machining expertise to manufacture precision metal components and assemblies for diverse end markets including aerospace and communications.

“We are extremely excited about our next phase of growth in partnership with an experienced ownership group led by CFB” said Tim Gehrs, President of Patterson.  “We will continue to invest in our team and capabilities to serve a growing customer base with the highest levels of quality and service.”

Affiliates of CFB, Millstone Capital Advisors, LLC (Millstone Capital) and Konza Valley Capital, Inc. (KVCI) provided subordinated debt and equity to complete the transaction.  The entire Patterson management and production teams will remain with the company. CFB Senior Vice President Chris Redmond offered “We are excited to partner with Millstone Capital, KVCI and the entire Patterson team to expand upon the company’s history of success.  We believe that Patterson’s deep engineering and manufacturing expertise, and demanding end markets where quality and complexity are clear differentiators is a winning combination.”

About Capital For Business, Inc.

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.