Integrated Asset Management Corp. (“IAM”) (TSX:IAM) and its private corporate debt group, IAM Private Debt Group (“PDG”), announce the closing on August 1, 2017 of a $23,000,000 senior loan to DBG Group Ltd. The capital raised by DBG Group Ltd. (“DBG”) will be used to repay current creditors, fund a cross-border asset purchase, and assist in working capital needs.
DBG is a Canadian-based parts manufacturer to the heavy truck and auto industry. The company primarily provides the design and manufacture of metal stampings, structural welded, modular welded, and mechanical assemblies for truck manufacturers. DBG is strategically located in Canada, Mexico, and now the United States with the closing of the capital raise.
“We are excited to support DBG and its continued growth in North America. The company’s performance was strong throughout a challenging environment, a testament to the quality of DBG’s management, products and services. We are happy to include DBG in our portfolio and to provide patient capital for growth going forward,” said Jeffrey Deacon, a Managing Director at IAM Private Debt Group.
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