Integrated Asset Management Corp. Announces Management Buyout Financing of Macrodyne Technologies Inc.
TORONTO, May 15, 2018 (GLOBE NEWSWIRE) -- Integrated Asset Management Corp. ("IAM") (TSX:IAM) is pleased to announce the recent closing of a senior loan to Macrodyne Technologies Inc. ("Macrodyne"). The capital raised will be used to finance a management buyout transaction.
Macrodyne is an Ontario-based manufacturer of heavy duty, custom hydraulic presses, press lines, and die handling equipment. These presses are utilized in a variety of industries including, automotive, aerospace, industrial, consumer goods, defence, and construction.
IAM offers fixed rate, term loans to mid-market companies for such purposes as refinancing existing debt, acquisitions, plant expansion or modernization, project financing and management buyouts.
IAM is one of Canada's leading alternative asset management companies with approximately $2.3 billion in assets and committed capital under management in real estate, infrastructure debt and private debt.
For further information, please contact:
Brian Ko Managing Director IAM Private Debt Group T: 416-367-3492 E: [email protected]
Philip S. Robson President IAM Private Debt Group 416-367-3972 [email protected]
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