LBC Credit Partners Provides Hirschfeld Holdings Junior Capital to Support its Growth Initiatives

PHILADELPHIA, June 25 /PRNewswire/ — LBC Credit Partners provided a $25 million junior secured term loan to Hirschfeld Holdings, to support growth initiatives and provide a dividend to the equity holders. Hirschfeld is one of the nation’s largest fully integrated fabricators of highly engineered structural steel components in North America with end-markets in transportation infrastructure, commercial and industrial construction and power generation. Hirschfeld is a portfolio company of Southlake, Texas based Insight Equity.

LBC Credit Partners is a middle market lending fund providing secured loans, mezzanine debt and equity co-investment to companies with EBITDA greater than $10 million. LBC has more than $1 billion of capital commitments under management and typically invests $10 million to $50 million per transaction to support buyouts, acquisitions, growth strategies, recapitalizations, restructurings, DIPs and exit financing. Since inception, LBC has made investments in 29 industry sectors throughout North America. LBC has offices in Philadelphia and Chicago. For additional information please visit www.lbccredit.com or contact Allan Allweiss at 312-201-3975.

Insight Equity (www.insightequity.com) is a private equity firm that makes controlling investments in strategically viable, middle market, asset intensive companies across a wide range of industries. Insight specializes in partnering with companies in complex and challenging situations, including companies with bonding requirements, corporate divestitures, bankruptcies, restructurings, and private family ownership. The firm leverages a proven collaborative value creation model to facilitate operating enhancements and growth. Insight Equity’s headquarters is located in the Dallas / Ft. Worth Metroplex.

Headquartered in San Angelo, Texas, Hirschfeld Industries is one of the largest fully integrated fabricators of highly engineered structural steel components in North America. Fabricating more than 100,000 tons of steel annually, Hirschfeld serves a wide range of end markets including transportation infrastructure, industrial development, commercial construction and power generation. With eleven facilities providing a national presence and an industry-leading footprint, the Company is a major participant in the expansion and redevelopment of the U.S. transportation and energy infrastructure systems, for both government-funded and private enterprises.

SOURCE LBC Credit Partners