Capital For Business, Inc.® (CFB) is pleased to announce that it recently completed an investment in T-Tek Material Handling, LLC (T-Tek). T-Tek is a designer, manufacturer, and servicer of palletizing, depalletizing, and conveying system solutions. The Company manufactures and services equipment primarily for major beverage bottling facilities. T-Tek also provides a full range of service solutions including repair services, technical training, field upgrades, and machine rebuilds. “Through a difficult and lengthy process, we are excited we found the right partners to move forward with in Capital For Business (CFB) and Holleway Capital Partners (Holleway). Both CFB and Holleway have the understanding and knowledge necessary to help our management take T-TEK to the next level. We feel that their partnership will be great additions to our current employee base and we look forward to growing the business together,” commented Mike Traff, current President & CEO of T-Tek.
CFB provided subordinated debt and equity along Holleway Capital Partners (St. Louis, MO) and the T-Tek management team. “Capital For Business is excited to announce our partnership with Holleway Capital Partners T-TEK Material Handling, LLC. T-TEK has established itself as an innovator and market leader in the palletizing and material handling industry, and we believe there is enormous potential for the Company in the future. The Company’s management team, employees, products, and customers are best-in-class, and we look forward to growing the business together in the coming years,” said Matt Leinauer, CFB.
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.