Babson Capital Management has provided subordinated debt and made an equity co-investment to support High Road Capital Partners’ acquisition of SMB Machinery Systems.
Babson Capital was the sole provider of subordinated debt for the transaction.
Founded in 1993 and based in Ball Ground, Georgia, SMB Machinery Systems is a provider of used packaging and process equipment to the food and beverage industries.
“High Road Capital Partners is pleased to work with Babson Capital’s mezzanine and private equity group on our investment in SMB Machinery Systems,” says Benjamin Schnakenberg, High Road principal. “Babson Capital’s deep experience and expertise in the middle market, combined with the familiarity we share from collaborating on many previous investments, made for a smooth and efficient process leading to a successful and timely close.”
“Babson Capital deeply values the relationship we enjoy with High Road, and we appreciate the trust and confidence that High Road’s principals have placed in us over the past two decades,” says Michael L Klofas, managing director and head of the US mezzanine and private equity group, Babson Capital. “With its exceptional management team, differentiating suite of services and leadership position in many of the markets it serves, SMB is well positioned to take advantage of High Road’s financial and operational support to pursue new growth opportunities, and we look forward to participating in the company’s success.”
