CapX Partners Closes Lease Line of Credit To JD Norman Industries
CapX Partners closed a lease facility to support the growth needs of JD Norman Industries, a diversified manufacturer of metal components and systems with operations in the United States, Mexico, Canada, and the United Kingdom. CapX Partners provided JD Norman with a lease (of an undisclosed amount) to support the manufacturing of a particular machine part over a long-term contract.
“JD Norman was looking for additional funding to support new programs,” said Barrett Carlson, CapX Partners. “They are in the process of retooling their plant in Michigan and we are helping them fund the capital for the manufacturing lines.” “CapX Partners was extremely supportive of our growth. Their team spent the time and effort to fully understand our project and offer a solution that was specifically catered to our needs,” stated Gary Wilhite, Vice President, Finance, JD Norman.
As a Partner at CapX Partners, Barrett is responsible for capital markets, business development and investor relations.
With a background as an entrepreneur, Barrett enjoys trying to help clients grow their own business with the solutions provided by CapX. Barrett began his career working in the manufacturing and distribution industries, which gave him a strong understanding of many of the issues facing CapX’s clients.
Prior to joining CapX in 2004, Barrett was a Partner in...