Clinkenbeard & Associates
Our team advised Clinkenbeard & Associates on securing financing from CIBM Bank and Assurance Mezzanine.
Transaction Details
Debt Placement Advisor
Year: 2021
Hedquarters: South Beloit, IL
Client: Clinkenbeard & Associates
Industry: Industrials & Manufacturing
Website: www.clinkenbeard.com
Overview
Completed by the Vantage Investment Banking team under a prior firm, Clinkenbeard & Associates (“Clinkenbeard”), is a leading, full-service precision fabricator of complex mechanical prototypes and high-fidelity parts and components, has secured financing from CIBM Bank and Assurance Mezzanine.
About Clinkenbeard & Associates
Based in South Beloit, Illinois, Clinkenbeard is an innovator in the rapid development of complex parts and assemblies required by aerospace, defense, power generation, and other industrial applications. With over 50 years of history backed by ISO 9001 and ITAR certifications, Clinkenbeard’s capabilities include engineering, advanced machining, and manufacturing expertise.
About CIBM Bank
CIBM Bank is a full-service commercial bank headquartered in Champaign, IL and a wholly owned subsidiary of CIB Marine Bancshares, Inc. CIBM Bank offers personal banking, business banking, mortgage, and treasury management solutions across Illinois, Indiana, and Wisconsin.
About Assurance Mezzanine
Assurance Mezzanine Fund is a private debt fund that provides customized mezzanine and preferred equity financing (typically $3MM to $20MM) to profitable, lower middle-market companies seeking growth capital, acquisitions, recapitalizations, or shareholder liquidity. The firm focuses on partnering with experienced management teams and businesses with solid financial controls and EBITDA generally in the $1MM to $10MM range.
