Summit Park Recapitalizes Michelli Weighing & Measurement
January 4, 2024
Summit Park has led a majority recapitalization of Michelli Weighing & Measurement, a New Orleans-based provider of calibration, inspection, maintenance and installation services for industrial weighing and precision measurement equipment. Stellus Capital Management provided unitranche financing and an equity co-investment in support of the transaction. Summit Park will partner with Michelli's management to expand the company's service capabilities, grow its geographic footprint, and pursue growth through greenfield initiatives and acquisitions.
- Buyers
- Summit Park, Stellus Capital Management, LLC
- Targets
- Michelli Weighing & Measurement
- Industry
- Industrial Services
- Location
- Louisiana, United States
- Transaction Type
- Recapitalization
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