St. Louis, MO, November 2022
Capital For Business, Inc.® (CFB) is pleased to announce that it recently completed an investment in The Jor-Mac Company, LLC (“Jor-Mac”). Based in Lomira, Wisconsin, Jor-Mac is an established manufacturer of metal fabrications and electromechanical-assemblies for OEMs in the HVAC, industrial automation, and back-up power/grid infrastructure space. Since inception, the Company has grown into a leading value-added supply chain partner that serves a diversified Fortune 1000 blue-chip and middle market customer base, with 80+ customers throughout the United States, Canada, and Mexico.
Steve Broun, CFB Managing Partner, offered “The Jor-Mac team has built an excellent platform company. We are excited to invest in the business – and expand it in both its scale and capabilities. We also look to support both organic initiatives and strategic follow-on acquisitions so that we can become an increasingly valuable partner to Jor-Mac’s growing base of customers.”
Affiliates of CFB, The Mendota Group, Northcreek Mezzanine and Aldine Capital provided subordinated debt and equity to complete the transaction.
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.