Capitala Group Announces Completion of $10 Million Senior Debt Refinancing in Newbury Franklin Industrials

CHARLOTTE, NC, January 8, 2025 -- Capitala Group ("Capitala"), a Charlotte-based firm providing private credit and private equity to small businesses, is pleased to announce its recent debt investment in Newbury Franklin Industrials ("NFI" or the "Company").

Based out of Buffalo, NY, NFI is a tech-enabled industrial distributor with custom fabrication and manufacturing capabilities. The Company acquires asset-light manufacturing and value-added distribution businesses in the hardware, electrical, plastic and rubber industries.

"Capitala is excited to partner with NFI in streamlining of their capital structure. Further, we look forward to increasing our debt investment as NFI grows via acquisition," said Randall Fontes, Managing Director of Capitala.

Capitala's flexible capital mandate provided needed capital to assist in future acquisitions and support the Company's next phase of growth.

About Capitala Group Capitala Group is an asset management firm that has been providing private credit and private equity capital to lower- and middle-market businesses across North America for over twenty-five years. Since our inception in 1998, Capitala has invested and managed over $2.8 billion* utilizing our flexible capital mandate to deliver creative financing solutions. We aim to partner with strong management teams to create value and support growth through strategic partnerships, operational expertise, and a shared vision for success. For more information, visit www.CapitalaGroup.com.

Press Contact:
Katina Cole Jakubowski
Director of Marketing
[email protected]

*Includes invested capital since inception, callable capital to commingled funds and available credit facilities, and discretionary and non-discretionary managed accounts.