JD Norman

“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." Gary Wilhite, Vice President, Finance, JD Norman Industries

INVESTMENT SITUATION

JD Norman Industries is a diversified manufacturer of metal components and systems with operations in the United States, Mexico, Canada, and the United Kingdom. JD Norman is a leader in the manufacturing of highly engineered products including formed, machined and cast metals. The company serves major original equipment manufacturers of automotive, industrial and transportation products.

JD Norman’s success has been driven by growing its customer base, expanding its service offerings, and maintaining an exceptional reputation. As the company retooled their Michigan plant, they were looking for additional capital funding.

THE CAPX SOLUTION

CapX Partners provided JD Norman with a lease to support the manufacturing of a particular machine part over a long-term contract. CapX is providing a strategy that allows JD Norman to draw down incremental tranches of capital to better match the Company’s scaled financing needs. The lease line of credit structure helps JD Norman manage its capital efficiently during the investment period and will fund new machinery and equipment that will be put into service immediately.

“JD Norman was looking for additional funding to support new programs. They are in the process of retooling their plant in Michigan and we are helping them fund the manufacturing lines.”-Barrett Carlson, Partner, CapX Partners