BellMark Partners LLC is pleased to announce the completion of its third transaction since its forming in May 2009 with its role as financial advisor to SWS/TEK LLC (the “Company”) in conjunction with its refinancing transaction. The Company received a new $6 million senior bank facility from TD Bank North and a new $1.7 million subordinated debt investment from Adam & Partners. The proceeds will be used by the Company to pay down its existing debt and provide working capital for growth purposes.
SWS/TEK, LLC is a holding company which owns two wholly-owned subsidiaries, Sencorp, Inc. and White Systems, Inc. that manufacture highly engineered machinery and storage systems used by a diverse group of companies for packaging, warehousing, distribution, and inventory control in the medical, pharmaceutical, consumer products, electronics, industrial and household goods industries. The Company is based in Hyannis, MA and is owned by Management Capital LLC, a private equity firm based in Providence, RI.