Siena Lending Group LLC (“Siena”) announces the completion of a $3.0 million asset-based revolving credit facility for Datamation Systems, Inc. (“DSI”). The facility will be used to recapitalize the company and finance SNK Capital LLC and its affiliate, Wessex Capital Partners LLC’s acquisition of a controlling interest in DSI and to provide additional working capital to support the company’s growth.

Headquartered in South Hackensack, New Jersey, DSI provides security and mobile device management solutions to corporations and institutions. DSI is one of the largest and most experienced sources in the United States for equipment used to protect, charge, and manage mobile devices including mobile phones, iPads, tablets, Chromebooks, laptops, and bar code scanning devices. DSI’s products include USB docking stations, charging carts and cabinets, secure mobile device docking stations, and anti-theft devices which are configured to meet the specific needs of each customer. The company provides their solutions to the education, healthcare, retail, hospitality, and transportation markets, among others, and plans to pursue new markets such as law enforcement, public safety, and emergency management. Any market that deploys a significant number of hand-held devices is a prospect for DSI’s solutions.

Scott Elliotto, Director of Siena, said, “We are very excited to partner with Christopher Kinslow and the management team at DSI and help them achieve the next level of growth. DSI is a market leader with innovative products and is well positioned to capture the growth in the need to manage mobile devices.”

About SNK Capital LLC and Wessex Capital LLC:

Christopher Kinslowis the founder of SNK Capital LLC and the managing member of Wessex Capital Partners LLC. Prior to establishing SNK Capital in 2008, Mr. Kinslow enjoyed a 20-year career at Deutsche Bank. He was one of the founders of Wessex Capital Partners LLC (“WCP”), an investment firm created in 2014. WCP invests in both debt and equity of private companies as a majority or minority shareholder. WCP currently holds equity interests in three companies, Rental Equipment Investment Corporation, Majestic Farm and Training Center and Nally Trading Group, LLC. Mr. Kinslow serves on each of these companies Board of Directors.

Siena Lending Group LLC (“Siena”) announces the closing of a three-year $9.0 million revolving credit facility for the subsidiaries of Interactive Health, Inc., Human Touch LLC and Relax the Back Corporation. The asset-based credit facility was used to refinance existing debt and provide additional working capital to support business growth.

Interactive Health, through its wholly-owned subsidiaries Human Touch and Relax the Back, offers products to consumers that help them alleviate pain and reduce stress. Now in its 40th year, Human Touch proudly serves as the country's leading provider and innovator of high-performance massage chairs, PerfectChair recliners and other wellness solutions. Committed to creating the most immersive and personalized independent wellness experiences, Human Touch introduces patented massage systems that replicate the touch and techniques used by leading massage professionals. Each product is strategically engineered and designed to address the pains and stresses caused by today's hectic lifestyle using the latest technologies and intelligent ergonomics. Products are available at fine furniture stores, back-care specialty stores, and mass-market retailers across the U.S., through international retailers and distributors in more than 25 countries, and online at www.humantouch.com.

Relax the Back,with 95 franchised and company-owned stores, is the nation’s largest specialty retailer of products that relieve and prevent back and neck pain. Relax the Back offers more than 300 items ranging from pillows and support cushions to elaborate massage chairs and ergonomic office products. Along with selling Human Touch recliners and support chairs, Relax the Back stores sell other top product lines and brands, including Tempur-Pedic, Alex Orthopedic and Bauerfeind USA.

Mark Orlando, Director and Western Region Manager of Siena, said, “We are excited to have completed this financing for Interactive Health to help them reach new levels of success. Siena is proud to partner with Human Touch and Relax the Back so they can expand on the exceptional products and services they provide. I appreciate the hard work put in by our group at Siena and Interactive Health’s management team to establish a mutually beneficial financial relationship where others couldn’t deliver.”

David Wood, CEO of Human Touch and Relax the Back, said, “As we continue to build our business in a rapidly expanding market segment, Siena and their team really stepped up to ensure we have the liquidity and flexibility necessary to drive exciting opportunities for growth. A big thanks to Mark Orlando and the entire Siena team for their partnership and support of Interactive Health.” CFO Bryan Cotter added, “I truly appreciate the hard work and dedication that Siena provided to get this deal to the finish line. The underwriting team worked tirelessly to make sure all parties involved were on track. It was a pleasure to work through the process with Siena, and I look forward to our partnership with them.”

Siena Lending Group LLC (“Siena”) announces the completion of a new asset-based revolving credit facility for Doodad Printing, LLC (“Doodad”). The proceeds will be used to repay existing debt and provide the business with additional working capital to fund the company's operations and growth.

Doodad, headquartered in Austell, Georgia, is a portfolio company of Chicago-based private equity firm, Waveland Investments, LLC. Doodad is a leading provider of time-sensitive, multi-versioned printed advertising products for distribution to consumer households, reaching consumers via direct mail and shared mail as well as through inserts in coupon booklets and newspapers. The company is highly differentiated from its competitors based on their quick turnaround and short-run focus, catering to the specialized advertising needs of local businesses.

Meghan Otis, a Partner of Waveland Investments, said, “We are excited to work with Siena. From the start of our discussions, they have been responsive and supportive and we look forward to our partnership together.”

Nick Payne, Director of Siena, said, “We are thrilled to support Waveland Investments on the refinancing of one of their portfolio companies. The leadership at Doodad was responsive and expeditious which allowed us to respond quickly with a solution. Meghan and her team demonstrated their commitment throughout and were a pleasure to work with.”

About Waveland Investments:

Waveland is a Chicago based private investment partnership focused on the lower middle market companies. Waveland was founded in 2000.

Siena Lending Group LLC (“Siena”) announces the completion of a $17.7 million revolving line of credit and term loan for Greenfiber LLC (“Greenfiber”). The facility was used to refinance Greenfiber’s existing senior debt and support the company's working capital needs.

Greenfiber, headquartered in Charlotte, North Carolina, is the leading producer of cellulose fiber insulation for multi-unit and single-family residences in the U.S. and Canada. The company’s products compete with other insulation products based on the merits of environmental friendliness and sustainability; greater energy efficiency and temperature regulation; and increased fire resistance. Greenfiber has six manufacturing facilities in the U.S. and Canada and employs approximately 225 people.

Stephen Fuscaldo, Director of Siena, said, “Siena is very pleased to be able to provide the financing for Greenfiber. The total financing will afford Greenfiber more liquidity so they can focus on their growth strategy.”

Shane Short, CEO of Greenfiber, said, “Siena really came through for us. They demonstrated a high level of professionalism and were able to close the transaction on a timely basis. We look forward to partnering with them going forward.”

Siena Lending Group LLC (“Siena”) announces the closing of a $5.5 million asset-based credit facility for Amfuel, LLC (“Amfuel”), which is scalable up to $8.0 million during the three year term.The financing includes a revolving line of credit, term loans on equipment and real estate, and a capital expenditure facility. The transaction followed Amfuel’s prior acquisition through a 363 bankruptcy sale and will be used for future working capital and equipment financing needs.

Headquartered in Magnolia, Arkansas, Amfuel manufactures self-sealing, crash resistant aviation fuel cells and liquid logistic tank solutions. As one of two qualified aviation fuel cell manufacturers for U.S.Department of Defense aircraft, Amfuel maintains a significant competitive advantage over its smaller domestic competition. The Company utilizes complex proprietary tooling and manufacturing processes to produce collapsible, flexible, rubberized fuel storage bladders that are crash resistant and provide ballistic protection qualities for military, commercial and general aviation aircraft, both fixed-wing and rotary. Amfuel is a portfolio company of LB Advisors, LLC (“LB Advisors”), a Los Angeles based private equity firm which purchased the business out of bankruptcy in November 2018.

Michael Accordino, Managing Director of LB Advisors and President of Amfuel, said, “Siena was able to deliver a preferred financing package for Amfuel on an expediated basis. They showed flexibility to allow for more liquidity and less restrictions for the business which will help spur the future growth of our operations.”

Mark Orlando, Director and Western Region Manager of Siena Lending Group, said, “We’re happy to have completed this financing for LB Advisors to provide additional capital for the continuation and expansion of Amfuel’s business. We’re impressed with the actions taken by the sponsor and management since it was purchased out of bankruptcy and excited to contribute to their future success.”

Russ Belinsky, Co-Founder and Managing Partner of LB Advisors, said, “I’ve known Mark for decades and am pleased we were able to put this financing together for Amfuel. I appreciate Siena’s thoughtful approach to the business and look forward to working on future deals with the Siena team.”

Siena Lending Group LLC (“Siena”) announces the completion of a $14.6 million asset-based revolving line of credit and term loan for Innovative Hearth Products (“IHP”). The facility was used to refinance certain debt and to provide additional working capital to support IHP’s long-term growth initiatives.

Headquartered in Russellville, Alabama, IHP manufactures and sells indoor and outdoor fireplaces, free standing stoves, fireplace inserts, gas log sets, accessories, and venting products primarily to the homebuilder and retrofit marketplaces. IHP's products are sold under the Superior, Astria, and Ironstrike brand names are are marketed primarily in the United States and Canada.

IHP is a portfolio company of Beckner Clevy Partners, a private equity firm in Nashville, Tennessee.

Anthony Lavinio, Director of Underwriting at Siena, said, “It was a pleasure working with Mike from Beckner Clevy Partners, as well as the entire senior management team at IHP. We are happy to provide IHP with the critical working capital and term loan that will be used by the company to execute its long-term growth initiatives.”

W. Mike Clevy, Partner at Beckner Clevy Partners, said, “We contacted Siena and laid out a very aggressive timeline to get the financing completed. Anthony and the team at Siena got to work right away and we closed on time with the terms we needed to fund our growth. Well done Siena.”

Tom Krebs, President and CEO of IHP, said, “The Siena team was nothing short of fantastic. They understood our immediate needs, implemented a detailed action plan, and delivered in the agreed upon time frame. Very professional and organized process.”

Siena Lending Group LLC (“Siena”) announces the completion of an $11.75 million secured credit facility comprised of a senior secured asset-based revolving line of credit and term loans for Nilco Enterprises, Inc. and Dial Lubricants, Inc. (“Dial”). The facilities will be used to support the companies’ working capital needs and continued growth.

Dial, founded in 1996 and based in Dallas, Texas, is the preferred distributor of branded oils, lubricants, greases and fuels. Dial proudly represents products from top suppliers such as Citgo, Total, Phillips 66, Dow and Calumet. Dial’s warehouses and distribution network provides customers with on-time deliveries in Texas, New Mexico, Arkansas, and Oklahoma. The company also offers recycling services of used oil and filters through its Nilco Environmental Services division.

Suzanne Lovett, Director of Siena, said, “Eric has the character and integrity you wish for in every client – he is honest, hardworking, and a man of his word. I look forward to watching his companies' continued success and growing our relationship with him.”

Eric Nilsson, Chief Executive Officer of Dial, said, “Siena encouraged us and found solutions through any issues. Everyone showed patience when needed. I am very pleased with Siena’s customer service along with all of the supporting staff on both sides. We are excited for the future and the partnership with Siena Lending Group.”

Siena Lending Group LLC (“Siena”) announces the closing of a three-year credit facility of up to $28 million for Coloredge, Inc. (“Coloredge”). The credit facility includes an asset-based revolving line of credit along with an equipment term loan and capital expenditure facility. The loans were used to refinance existing debt and provide additional capital to support growth and equipment financing needs, and is scalable to support potential future acquisitions.

Founded in 1988, Coloredge is a leading provider of technology-enabled, ultra-high-end visual marketing solutions for the world’s premier brands. In addition to large format imaging and digital display solutions, the Company provides end-to-end, full service creative services including graphic design, pre-media, studio photography, CGI/3D imaging, creative retouching, package prototyping and digital asset management. Coloredge uses the most advanced manufacturing technologies and production processes to create high-impact visual spaces for retailers, museums, events, arenas and corporate environments across the country and around the globe. Coloredge is owned by Saints Capital (“Saints”), a San Francisco-based investment firm with a successful track record of providing liquidity to investors in private companies for over 15 years.

Emmanuel Doe, CEO of Coloredge, said, “We appreciate the diligence the Siena team demonstrated to understand our business throughout the financing process, which allowed them to provide more liquidity than we could get from other lenders. The flexible structure and ability to grow with us has helped position Coloredge to reach our next level of success.”

Mark Orlando, Director and Western Region Manager of Siena Lending Group, said, “We are pleased to provide this financing for a leading company like Coloredge, and excited to help Emmanuel and the Company achieve their future goals. Our group at Siena worked hard with Emmanuel’s team and Saints Capital to provide a preferred financing solution that offered additional capital for their current needs and potential opportunities.”

Ken Sawyer, Managing Director and Co-Founder of Saints Capital, stated, “I challenged Siena to put together the best financing plan for our portfolio company, Coloredge, and they came through. We look forward to a mutually beneficial relationship together and welcome the opportunity to work with Mark and the rest of the Siena team on other future business financings for Saints.”

Siena Lending Group LLC (“Siena”) announces the completion of a $10.0 million asset-based revolving line of credit and term loan for Southwest Spirits & Wine, LLC (“Southwest Spirits”). The facility will be used to support the company’s working capital needs and continued growth.

Southwest Spirits, based in Dallas, is the third largest distillery in Texas and is owned by private equity firm Orox Capital Management, LLC (“Orox”).The company distills, bottles, blends, and sells its own brands including Nue Vodka, Title 21 Whiskey, Calamity Gin, and Henderson Whiskey, as well as white-label brands for key business partners. The company’s spirits are sold in 37 states and two countries.

Suzanne Lovett, Director of Siena, said, “From the moment I met the partners at Orox and Southwest’s management team, I wanted to be their financial services partner. Their strategy behind the acquisition, as well as their plan to build and grow equity brands, resonated with me.  I look forward to growing our relationship with Southwest and Orox.”

Mark Martinson, Managing Partner at Orox Capital, said, “Southwest Spirits has exhibited tremendous growth since our initial purchase and closing this transaction is an important milestone for the company.  We are excited to partner with Siena to enhance and support our continued expansion. Their middle-market lending focus, combined with their team’s understanding of Southwest’s business model, made them an ideal financing provider.”

Siena Lending Group LLC (“Siena”) announces the completion of a $3.0 million asset-based revolving credit facility for Community Eco Power, LLC (“CEP”). The facility was used to acquire assets from Covanta Energy, LLC and to support the company’s working capital needs.

Headquartered in Asheville, NC, CEP provides resources to communities to implement successful waste-to energy solutions. With two facilities in western Massachusetts, CEP converts municipal waste streams into usable power for industrial clients as well as providing electric power to homes. The facilities have a 30+ year history of providing reliable power in a responsible environmental manner and employ over 70 people. CEP’s waste-to-energy facilities are part of a small, but growing segment of facilities that are targeting the over 265 million tons of household waste that is generated in the U.S. annually. Waste-to-energy facilities – like CEP’s – provide an environmentally friendly alternative to land-fills while also providing low cost power that is otherwise lost.

Larry Swinney, Director of Siena - Southeast Region, said, “We are pleased to provide the necessary financing that allowed Community Eco Power to acquire the two facilities from Covanta as well as support their future growth strategy.”

Richard Fish, President and CEO of Community Eco Power, said, “Siena gets it. They understand the challenges that face small to mid-size businesses and helped us shore-up our platform. They are very responsive and moved quickly through a tight transaction deadline. We are pleased to be working with them as the revolver helps us accelerate key elements to our business strategy.”

Siena Lending Group LLC (“Siena”) announces the completion of a $7.5 million revolving credit facility for Seitz LLC (“Seitz”). The facility was used to refinance Seitz’s existing senior debt and support their working capital needs. Siena’s facility was done in conjunction with a $5.0 million term loan provided by World Business Capital.

Seitz (www.Seitzllc.com), headquartered in Torrington, Connecticut, USA, was founded in 1949 and currently employs 128 people at its Connecticut-based facility.  The company works closely with its customers to design complex injection molded gears and other precision parts and assemblies for power, motion and energy transmission applications; primarily in medical, business equipment, and food/beverage markets. Seitz builds most of its injection molding tools in Connecticut, and then molds and assembles in Connecticut and at its manufacturing facility in China, enabling the company to service customer needs on a global basis. Throughout its 70 year history, Seitz has been recognized for its engineering expertise and delivery of innovative solutions.

Stephen Fuscaldo, Director of Siena, said, “Siena is very pleased to be able to provide the financing in conjunction with World Business Capital. The total financing will afford Seitz more liquidity so they can focus on their growth strategy.”

Evan Berns, President and CEO of Seitz, said, “Siena really came through for us and helped coordinate the total financing which also included the term loan and mezzanine debt. They demonstrated a high level of professionalism and knowledge of a multi-tiered debt transaction.”

Siena Lending Group LLC (“Siena”) announces the completion of a $7.0 million asset-based revolving credit facility for Lime Crime, Inc. (“Lime Crime”). The facility will be used to support the company’s working capital needs and continued growth.

Lime Crime, headquartered in Woodland Hills, CA, is an innovative cult-status cosmetics and hair color brand majority-owned by private equity firm Tengram Capital Partners LLC (“Tengram”).  Founded in 2008 by Doe Deere, Lime Crime designs trend-setting products with whimsical packaging and experiences to make their customers feel “magical.” Lime Crime prides itself in its cruelty-free and vegan makeup products which include lipsticks, eyeshadows, hair tints, pop on nails, makeup brushes and highlighters. One of the first digitally-native, direct-to-consumer beauty brands, Lime Crime is now a top digital leader thanks to its huge social influence, with over 3.5 million Instagram followers.

Scott Elliotto, Director of Siena, said, “Due to Lime Crime’s significant growth, they needed a lender that could execute in a short time frame and we were confident we could meet it. The transaction was completed in 3 ½ weeks. Tengram has proven to be a great partner and we look forward to working with another portfolio company.”

Rich Gersten, a Partner at Tengram, said, “We have worked with the Siena team before and we knew they would be able to move quickly under our tight time frame. Siena has been a great partner for Tengram.”

Tengram Capital Partners, LLC is a private equity firm that focuses exclusively on leading middle-market consumer and retail companies that own strong recognizable brands. The team has a diverse background of consumer investing and operating expertise that assists and guides company management to unlock the true potential of their brand. Tengram invests in both traditional “growth” and “restructuring/turnaround” situations in either the public or private sectors. For more information please visit www.tengramcapital.com.

Siena Lending Group LLC (“Siena”) announces the closing of a two-year scalable $10.5 million revolving credit and term loan facility for Spy Optic Inc. (“SPY”).  The credit facility includes an asset-based revolving line of credit as well as term loans based on SPY’s trade name to refinance existing debt and provide additional working capital to support business growth.

Established in 1994, SPY is an independent Southern California-based eyewear company that delivers the best lens experience in designs that fit the lifestyle of their customers.  SPY takes a playful approach to everything they create, which means frames to match every mood or moment—from sunglasses and goggles to prescription styles. Their HD+ lens is the only technology on the market that combines the superior clarity of digitally mastered high-definition lenses with the therapeutic and visual performance benefits of SPY’s patented Happy Lens.

Stephen Roseman, CEO of SPY, said, “Mark Orlando and the rest of the team at Siena are rock stars. They showed creativity to provide a preferred financing for us beyond our initial expectations. We appreciate the flexibility Siena showed to come up with a financing solution that has best positioned SPY to take advantage of new orders and opportunities to expand our business.”

Mark Orlando, Director and Western Region Manager of Siena Lending Group, said, “We are pleased to provide this financing for a great brand like SPY, and excited to help Stephen and the company reach their next level of success. Our group at Siena was able to look beyond the traditional asset values and provide additional capital to help meet SPY’s current needs and future goals.”

Siena Lending Group LLC (“Siena”) announces the completion of a $12.0 million revolving credit and term loan facility for Specialty Bakers LLC (“Specialty”). The facility was used to finance Specialty’s acquisition of certain assets of the former Bake One, Inc.and to support Specialty’s working capital needs. Specialty is a portfolio company of Stonebridge Partners (“Stonebridge”), a private equity firm based in White Plains, NY.

Headquartered in Marysville, PA and founded in 1901, Specialty produces and distributes bakery products such as dessert shells, ladyfingers, French twirls and angel food cakes that are sold mainly to supermarket chains and delivered to their in-store bakeries.

In 2018, a fire destroyed Specialty’s pie production plant resulting inthe loss of approximately 70% of its revenues. Specialty and Stonebridge identified key equipment and related assets of Bake One, a Smyrna, GA based bakery company,  as an attractive platform to expand Specialty’s product lines. Bake One leased a 130,000 sq. ft. production facility with substantial recent investments in equipment capable of producing a complimentary product line to Specialty’s.  As the ability to acquire selected assets of Bake One had enormous potential, Stonebridge approached Siena to complete the financing on a very tight timeframe. The transaction closed at the end of February 2019, within 24 days of the initial term sheet.

Stephen Fuscaldo, Director of Siena, said, “Siena is very pleased tobe able to provide the acquisition financing for Stonebridge to allow Specialty to grow their top line sales and once again become the profitable company it was before the fire in 2018. The financing also allowed Specialty the opportunity to hire some of the former employees of Bake One which is a great result for the community.”

Stephen A. Hanna, Managing Director of Stonebridge, said, “Siena really came through for us as Bake One equipment and related assets were attractive to a number of large bakery players, necessitating less than a month to close the deal. Siena delivered on what they proposed and in the timeframe we needed to get the deal done. It is an extremely professional and well-oiled machine.”

Siena Lending Group LLC (“Siena”) announces the completion of a $20.0 million revolving credit and term loan facility for Deleet Merchandising Corporation (“Deleet”). The facility was used to refinance the company's existing senior debt and support their working capital needs.

Headquartered in Newark, NJ and founded in 1905, Deleet is a fourth generation family-owned manufacturer and distributor of consumable supplies and materials used in various printing technologies for commercial applications. Products manufactured and distributed include substrate coatings, blankets, solvents, fountain solutions, aqueous and energy-curable adhesives and process control equipment. Deleet is also a leading dealer of digital printing equipment and solutions to commercial printers.

Stephen Fuscaldo, Director of Siena, said, “Siena is very pleased to be able to provide financing to a great family-owned business that has been a leading manufacturer in the printing industry for generations. Siena’s financing will provide the company with additional liquidity.”

Bruce Liroff, President of Deleet, said, “Siena’s credit facility allows for more liquidity and flexibility as our company is projected to grow during the current fiscal year. Siena understood our business and we view them as a committed partner.”

Siena Lending Group LLC (“Siena”) announces the completion of a $5 million asset-based revolving credit facility for RéVive Skincare (“RéVive”). The facility will be used to support the company’s working capital and continued growth.

RéVive, a luxury skincare line, is majority owned by private equity firm Tengram Capital Partners LLC (“Tengram”). RéVive was founded 21 years ago by Dr. Gregory Brown, a Plastic and Reconstructive Surgeon renowned for his advances helping burn victims heal faster. Utilizing the patented and Nobel Prize winning science he used to heal burn victims, Dr. Brown formulated a skincare line using bio-engineered molecules called Bio Renewal Technology that accelerates cell renewal, making skin act younger. The results are improved skin density, elasticity, and more youthful, glowing skin.

RéVive’s skincare products are sold at all key North American luxury retailers including Neiman Marcus, Bergdorf Goodman, Barney’s, Saks, Nordstrom, Blue Mercury, Cos Bar, Holt Renfrew and premier luxury beauty boutiques, as well as Harrod’s and Space NK in the UK, and select luxury retailers in Hong Kong, Taiwan, and Singapore.

Scott Elliotto, Director of Siena, said, “We are excited to team up with Tengram again on another portfolio financing.  We look forward to working with Tengram and the RéVive management team as they expand their domestic and international distribution channels.”

Rich Gersten, Tengram Partner, said, “Siena has been a great partner for Tengram in the past and we really enjoy working with their team.”

Tengram Capital Partners, LLC is a private equity firm that focuses exclusively on leading middle-market consumer and retail companies that own strong recognizable brands. The team has a diverse background of consumer investing and operating expertise that assists and guides company management to unlock the true potential of their brand. Tengram invests in both traditional “growth” and “restructuring/turnaround” situations in either the public or private sectors. For more information please visit www.tengramcapital.com.

Siena Lending Group LLC (“Siena”) announces the completion of a revolving credit facility for Shoham Ltd. (“Shoham”). The facility was used to refinance the company's existing senior debt and support their working capital needs.

Headquartered in Bloomfield, CT and founded in 1950, Shoham is a manufacturer and wholesaler of drafting, fine and graphic art, hobby and craft supplies. The company operates through two wholly owned subsidiaries, Alvin and Company, Inc. and Modern School Supplies, Inc. The companies’ products include drawing and drafting tools, pencils and related accessories, paper, cutting tools, fine art supplies and drafting and artist furniture.

Stephen Fuscaldo, Director of Siena, said, “Siena is very pleased to provide a working capital facility for Shoham that allows the company to meet its liquidity needs and fund their business plan.”

Scott Shoham, President & CEO, said, “Siena’s credit facility allows my company to meet its liquidity needs going forward. Siena was there for us when more traditional lenders were not and they closed in a timely fashion.”

Siena Lending Group LLC (“Siena”) announces the closing of a three-year $5.5 million asset-based revolving credit and term loan facility for Magnuson Products, LLC (“Magnuson”), a specialty auto parts manufacturer and distributor headquartered in Ventura, California, with offices in Detroit, Michigan. The facility was used to refinance certain existing debt and provide additional working capital to support business growth plans.

Magnuson is a manufacturer of OEM and aftermarket supercharger systems for the automotive industry. As the leading company exclusively focused on supercharger development and manufacturing, Magnuson delivers over 135 supercharger applications through the design, manufacture or purchase of 5,000 different parts to support these applications.  Magnuson was started by industry legend Jerry Magnuson over 40 years ago and was acquired by the current ownership group led by CEO Kim Pendergast and Banyan Investment Partners in 2010.  Successfully operating a woman-owned business in the traditionally male-oriented automobile industry, Kim has helped grow the business into one of the premiere brands in the supercharger market.

Mark Orlando, Director and Western Region Manager of Siena Lending Group, said, “We are pleased to complete this financing for Magnuson to help a long-established business grow and reach its next level of success. Our group at Siena is very impressed with Kim and the rest of the management team as it develops and expands its capabilities as the leading supercharger company in the industry.  We look forward to supporting this woman-led business and working with Banyan in the years ahead.”

Kim Pendergast, CEO of Magnuson, said, “Mark was a pleasure to work with from the early stages, and the Siena team was responsive and worked diligently to come up with the best financing plan for Magnuson. Our other shareholders at Banyan and I are very pleased with the additional capital provided by Siena to support new programs which will help spur Magnuson’s growth. We are looking forward to a long and mutually beneficial relationship with Siena.”

Siena Lending Group LLC (“Siena”) announces the completion of a $6.0 million revolving credit facility for uSell.com, Inc (“uSell”). The facility was used to refinance the company's existing senior debt and to support the company’s growth plans and working capital needs.

Headquartered in New York, NY, uSell is a market maker of used cell phones. uSell acquires used cell phones from major carriers, big box retailers and manufacturers and maximizes the value of these devices through its stringent testing, repair and grading process. uSell leverages both a traditional sales force and an online marketplace (www.wesellcellular.com) where brokers, intermediaries, resellers and dealers purchase used cell phones and accessories. Simultaneous with the closing of Siena’s loan, uSell raised additional capital in the form of convertible notes and signed a long term contract to license its online marketplace technology to a major distributor of wireless devices.

Stephen Fuscaldo, Director of Siena, said, “Siena is very pleased to provide a working capital facility for uSell that allows the company to meet its liquidity needs as it pursues new, higher margin opportunities. The company is well positioned for future growth.”

Nik Raman, CEO of uSell, said, “Siena’s credit facility, coupled with a capital infusion from some of our largest shareholders, streamlines our capital structure and enables the Company to pursue opportunistic, high margin purchases. It was a coordinated effort with Siena to come up with the right structure for all constituencies and we are very pleased with Siena’s execution.”

Siena Lending Group LLC (“Siena”) announces the completion of a $5.0 million three-year asset based revolving credit facility for Wm. G. Roe & Sons, Inc. (“Roe”), a fourth-generation family‐owned and operated business, engaged in many segments of the Florida citrus industry including growing, harvesting, fresh packing and marketing citrus produce under the Noble name. Founded in 1926, and strategically located in Winter Haven, FL, Roe’s range of products include: tangerines, Valencia oranges, tangelos, blueberries, and other specialty citrus such as starburst pummelos.

April Porter, Chief Financial Officer at Roe, said, “We’re grateful to Siena for structuring our new working capital line of credit to match the ebbs and flows of our highly seasonal industry. The culture of Siena seems to fit well with our straightforward approach to business and belief that there are many ways to get to the end zone. We look forward to several great years ahead with Siena.”

“We are excited to partner with April and the rest of the Roe family to support a company with as rich a history as Wm. G. Roe & Sons,” said Nick Payne, Director of Siena Lending Group. “April and her team were such a pleasure to work with and I am keen to see the future successes in store for this exceptional company.”

Siena Lending Group LLC (“Siena”) announced the completion of an $8.0 million revolving credit facility for Wayne Bailey, Inc. (“Wayne Bailey”). The facility will be used to support ongoing working capital needs.

Founded in 1935 and headquartered in Chadbourn, NC, Wayne Bailey is a fourth generation family-owned producer of sweet potatoes. Wayne Bailey maintains more than 4,000 acres of farm land and operates fifteen properties across North Carolina, Mississippi, and Texas. According to the United States Department of Agriculture, Wayne Bailey represents approximately 10% of the U.S. sweet potato industry.

Siena, with the assistance of Michael McCauley, Senior Managing Director and Shareholder of Phoenix Management Services (‘Phoenix”), was working with Wayne Bailey and its management team for over eighteen-months. During this period, Wayne Bailey significantly improved its operating results and liquidity, as well as right-sized its overall capital structure which will allow them continued profitability.

David Grende, President and CEO of Siena Lending Group, said, “We are pleased to be able to bring the final piece of the capital structure to a successful completion. Working with the management team and Phoenix for over eighteen months we have shown our endurance in trying to complete a transaction. Along the way there were many bumps in the road, and twists and turns, but everyone stayed the course with a common goal in mind. We are proud to be able to add this business into our diverse portfolio of financing opportunities.”

George Wooten, President and CEO, of Wayne Bailey, said, “We are thankful to Siena for the confidence Dave and his team have in us. We are looking forward to our financial partnership to help us make our great Company even greater.”

Michael McCauley said, “The successful completion of this financing was driven by the determination of George Wooten and his team to execute on the business plan and the commitment of Siena to work with Wayne Bailey over an extended time frame and deliver on its proposal when called upon. Phoenix was glad to have provided strategic and financial advice throughout the process.”

Siena Lending Group LLC (“Siena”) announces the completion of a three-year asset based revolving and term loan credit facility for Texas Die Casting, LLC (“TDC”), a leading precision high-pressure aluminum die casting company servicing the automotive, appliance, and electronics industries. The refinance was completed to provide additional working capital to the company to help drive the continued growth of the business. Founded in 1984, and strategically located in Gladewater, TX, TDC’s operations include drilling, tapping, turning, boring, milling, sanding, shot blasting and vibratory finishing to the exact specifications of their impressive client base.

Pat Burke, Controller at TDC, said, “From the very start of the process to the finish we were extremely impressed with the professionalism and speed with which the Siena team performed the refinance of our credit facility. Nick Payne and his team have my wholehearted endorsement.”

“We are thrilled to partner with Pat and the rest of the management team to support a company with such a track record as strong as that of Texas Die Casting,” said Nick Payne, Director of Siena Lending Group. “We have been inspired by the vigor of their leadership and the overwhelming support of an energetic ownership group. We look forward to a long-term relationship with Texas Die Casting.”

Siena Lending Group LLC (“Siena”) announces the completion of a $4.0 million revolving credit facility for Independent Metal Sales, Inc. (“IMS”). The facility was used to refinance the company's existing senior debt, in conjunction with an SBA term loan, to support the company’s growth plan and working capital needs.

Headquartered in Hainesport, NJ, IMS is a flat rolled steel service center that stocks slit carbon steel, tin mill products and alloy/stainless steel. IMS primarily serves original equipment manufacturers in the HVAC, oil and gas, industrial and office/home goods sectors. IMS prides itself in being able to turn around orders in more difficult gauges in a timely fashion.

Stephen Fuscaldo, Director of Siena, said, “Siena is pleased to provide a working capital facility for IMS that affords the company the liquidity it needs as they look to achieve future growth. Siena’s understanding of the industry allowed us to provide a covenant package that gives the company the flexibility it needs to run its business.”

Barry Kligerman, President & CEO of IMS, said, “Siena’s credit facility will allow us to maintain our key relationships with vendors by providing additional liquidity. Siena’s understanding of our business will help us in making critical decisions as we look to grow and they will be a true partner.”

Siena Lending Group LLC ("Siena") announces the completion of a three-year $4.5 million asset based revolving credit facility for Amstek Metal LLC ("Amstek") to refinance their existing senior debt and to provide additional working capital for the business.

Located in Joliet, IL, Amstek is a multi-location steel service center established in July 1987 to provide processing and distribution of high quality engineered wire and strip products to precision metal stampers, spring makers, and fabricators in the Midwest and East Coast of the United States.

Charles Stevens, CEO of Amstek, said, "Siena Lending Group's experience with flexible finance solutions while supporting traditional banking has provided Amstek Metal with the opportunity to accelerate both short and long term growth strategies. Siena's focused customer service has our management team excited about the future with our new partner."

Nick Payne, Senior Vice President of Siena Lending Group, said, "Amstek's long history of top notch quality and service in the specialty steel marketplace is exactly the kind of company that Siena is proud to partner with. We worked closely with Charles and his leadership team, as well as the incumbent bank, to provide a flexible solution that will allow the company to continue growing without traditional capital restrictions."

Siena Lending Group LLC (“Siena”) announces the completion of a three-year $6.5 million asset based revolving and term loan credit facility for Midwest Industrial Metals Corporation (“MIMC”) to refinance their existing senior debt and to provide additional working capital for the business.

Located in Northlake, IL, Midwest Industrial Metals is one of the largest and most prolific non-ferrous recyclers in the country. With over 30 years of experience and an international network of partners, MIMC has built a sterling reputation for their fast, reliable and professional service.

Steve Cadkin, CEO of MIMC, said, “Siena did a fantastic job putting together this deal and their entire organization was extremely professional and courteous. We look forward to a building our relationship and helping each other’s organizations grow.”

Nick Payne, Senior Vice President of Siena Lending Group, said, “It was a pleasure working with Steve and his team to close this credit facility for MIMC. We have been very impressed by their entire organization and look forward to assisting them in achieving their goals. With the help of Steve and his team, we were able to work quickly to meet the tight timeline designated by their incumbent bank.”

Siena Lending Group LLC (“Siena”) announces the completion of a three-year $7.5 million asset based revolving and term loan credit facility for American Bare Conductor Inc. (“ABC”) to refinance their existing senior debt and to provide additional working capital for the business.

Located in LaSalle, IL, American Bare Conductor offers comprehensive lines of bare copper and insulated wire and cable products for industrial applications as well as for special uses.

Ricardo Kawamura, CEO and Director of ABC, said, “We are pleased to enter into this new credit agreement which will provide us a competitive advantage to implement our continuous growth plan. This deal enhances our ability to develop our market share and recognition of our brands."

Nick Payne, Senior Vice President of Siena Lending Group, said, “We are very pleased to provide this credit facility to American Bare Conductor to support their growth initiatives. We worked closely with Ricardo and his leadership team to provide a flexible solution that was delivered within the terms and timeframe specified by the Company.”

Siena Lending Group LLC ("Siena") announced the completion of a $8.5 million debtor-in-possession revolving credit facility for Pacific Steel Casting Company. The facility will be used to repay the existing lender and for working capital needs as the sale of the company is completed through the 363 bankruptcy sale process.

Headquartered in Berkeley, California, Pacific Steel Casting Company manufactures carbon, low-alloy, and stainless steel castings. The products are sold primarily to companies in the oil and gas, heavy truck, valve and pipe fittings, and mining and construction industries.

David Grende, President and CEO of Siena Lending Group, said, “We are pleased to be able to provide Pacific Steel with the capital that they will need in order to execute on the sale of the company through the bankruptcy process.”

Katie Delsol, CEO of Pacific Steel, said, “We are very pleased with Siena’s execution in closing the transaction and the guidance that they provided through the process. Siena has seasoned professionals that have the experience in bankruptcy financing but more importantly, were a pleasure to deal with.”

About Siena Lending Group:
Siena Lending Group is an independent commercial finance company offering asset based loans between $1 and $20 million to small and middle market businesses across the United States. Siena also offers a turn-key servicing platform, which provides an attractive asset based product for community and regional banks that desire improved operating metrics and asset diversification.

Siena Lending Group LLC (“Siena”) announces the completion of a three-year $10.0 million asset based revolving credit facility for Specialty Steel Supply, Inc. (“Specialty”) to assist in the execution of former and current management’s buyout of the business and to provide additional working capital.

Located in Houston, TX, Specialty is one of the largest distributors of specialty stainless steel round bar to a myriad of industries, including automotive, oil and gas, maritime, aerospace and defense.

Paul Haggar, CEO and President of Specialty Steel Supply, said, “We are excited to offer our clients the flexibility of a standalone company and still offer the full Cartech product line. We thank Siena Lending Group for guiding us through this process.”

Nick Payne, Senior Vice President of Siena Lending Group, said, “We are very pleased to partner with Paul Haggar and Ray Damrel to execute this leveraged buyout of Specialty Steel Supply. In concert with Paul, Ray and his team, we were able to execute within the rapid timeframe required by Carpenter Technology Group, Specialty’s publicly traded former parent company, and in doing so, crafted a creative structure that consisted of inventory only as collateral at close. We look forward to working with Specialty as they continue to grow their business.”

Siena Lending Group LLC (“Siena”) announces the completion of a $13.4 million asset-based revolving and term loan credit facility for Wise Recycling I, LLC (“Wise”), an affiliate of DADA Holdings. The facility was used to refinance Wise’s prior senior secured debt and to support the company’s working capital.

Founded in 1998, Wise is engaged in the recycling of scrap metals for individuals/groups, serving the commercial and industrial markets in the United States and internationally. The company collects, sorts, processes, and sells ferrous and non-ferrous scrap metals and is engaged in buying aluminum, brass, copper, insulated copper, lead/zinc, stainless steel, steel, E-scrap, and other metals. The company’s services include providing timely and market related pricing for the ferrous and non-ferrous metals; identification and pricing for scrap metals; flatteners, trailers, containers, and pick up services; recycling materials; and scrap destruction services, as well as trailer and container services.

David Grende, President & CEO of Siena Lending Group, said, "We are pleased to have the opportunity to partner with Wise and DADA Holdings. We were able to provide a financing structure in a short timeframe that offered additional liquidity to accommodate the working capital needs of Wise. It was a pleasure working with Fred Cooper and the DADA team and we look forward to Wise’s continued growth and success.”

Fred Cooper, CEO of Wise, said, "Wise needed a solid lending partner who could quickly acquire knowledge of our business and have flexibility to respond swiftly to changing market conditions. Siena was able to construct a financing package which effectively addressed these objectives for us in a condensed timeframe. Their entire team was extremely professional and diligent throughout our process and now we are in a better position to grow our company and service our customers. We look forward to working together and building our partnership.”

Siena Lending Group LLC (“Siena”) announced the completion of a $15.0 million revolving credit facility for Pacific Steel Casting Company, LLC (“Pacific”). The facility was used to fund the acquisition of Pacific Steel Casting Company by Speyside Equity out of bankruptcy and for working capital needs.

Headquartered in Berkeley, CA, Pacific manufactures carbon, low-alloy and stainless steel castings. The products are sold primarily to companies in the oil and gas, heavy truck, valve and pipe fittings and mining and construction industries.

David Grende, President and CEO of Siena Lending Group, said, “It is nice to see a plan come to fruition such as the DIP financing we did for Pacific as well as the 363 asset sale with Speyside. We are excited to work with Speyside and their knowledge in the foundry space.”

Jeffrey Stone, Partner in Speyside Equity, said, “Pacific Steel has an 80 year history of making large, high quality castings with capabilities that are unique to the industry. We see this as an opportunity to leverage our previous experience in the foundry industry to improve the efficiency and competitiveness of the operations.”

Siena Lending Group is an independent commercial finance company offering asset based loans between $1 million and $20 million to small and middle market businesses across the United States. Siena also offers a turn-key servicing platform, which provides an attractive asset based product for community and regional banks that desire improved operating metrics and asset diversification.

Speyside Equity invests in middle-market businesses with a history of profitability and strong market positions. It has a focus on the industrials, chemicals and food sectors with an affinity for cross-border deals, and spin-offs of large multinationals. Target investments are typically headquartered in developed markets in the United States and Europe, and valued at US$ 20 million to $200 million.

Siena Lending Group LLC (“Siena”) announces the completion of a three-year $30 million asset based revolving credit facility for New Day Aluminum LLC (“New Day”) to repay certain indebtedness and to provide working capital for its Gramercy, LA subsidiary, Noranda Alumina.

Noranda Alumina operates an alumina refinery producing up to 1.2 million metric tons of alumina per year. The company is an affiliate of DADA Holdings LLC (“DADA”), an investment and management company based in Ft. Lauderdale, FL that makes control investments and manages companies in basic industries, such as metals and mining. The partners of DADA acquired the alumina refining and Jamaican bauxite mining assets of Noranda, Inc. in late 2016, and operate those assets as Noranda Alumina and Noranda Bauxite, respectively.

David Grende, President of Siena Lending Group, said, “We are pleased to provide this facility to New Day and partner with the company to help support their current working capital needs, as well as their future business plans. We look forward to continuing a mutually beneficial relationship with the senior management team of New Day and DADA. We first met the team as a co-lender in the Wise Metals transaction prior to forming Siena Lending Group.”

Monte Schaefer, Chief Financial Officer of New Day and Noranda Alumina, said, “We continue to execute on our plan to solidify our financial model and grow Noranda Alumina’s business. This facility provides the company with financial security for its day-to-day operations along with the bandwidth to implement strategic and large-scale capital expenditures.”

Siena Lending Group LLC today announces the completion of a three-year $1.5 million asset based revolving credit facility for Progressive Products, LLC. Proceeds from Siena’s facility were used in conjunction with an SBA loan provided by a nationally chartered bank to allow Progressive Products to pay down higher priced debt and to support the company’s working capital requirements going forward.

Headquartered in Rye Brook, NY, Progressive Products, through their WipesPlus® product line, distributes wet wipe products that service a wide variety of customers and end markets. The WipesPlus® product line is the only full complement of wet wipe cleaning solutions for retail, healthcare, industrial and commercial customer industry segments.

David Grende, President and CEO of Siena Lending Group, said, “We are pleased to provide a flexible asset based facility to Progressive Products, LLC that will assist the company to execute their business plan. In addition, this facility underscores Siena’s ability to work together in a seamless manner with regional and community banks.”

Jason Englander, CEO of Progressive Products, said, “We are thrilled about our relationship with Siena Lending Group. They have provided our company with an aggressive credit facility to help us achieve our short-term and long-term goals.”

About Siena Lending Group:
Siena Lending Group is an independent commercial finance company offering asset based loans between $1 and $20 million to small and middle market businesses across the United States. Siena also offers a turn-key servicing platform, which provides an attractive asset based product for community and regional banks that desire improved operating metrics and asset diversification.

Siena’s independence as a finance company allows innovative and flexible solutions, while allowing its customers to maintain a relationship with their own bank. Siena’s management team is experienced, innovative, dependable, entrepreneurial, and highly regarded within the industry. The team has, on average, over 20 years each of experience and has transacted over $12 billion in facilities. For further information please visit us at www.sienalending.com or contact a Siena team member.

Swisher is a public company that distributes commercial cleaning products. Prior to working with Siena, Swisher had purchased nine franchises and 54 independently owned companies within a five-year span.

Siena Lending Group LLC announced the completion of a senior secured revolving credit facility for New York City-based Kevyn Aucoin Beauty, Inc. (“Kevyn Aucoin”). The facility will be used to support the company’s working capital and rapid domestic and international growth plans.

Kevyn Aucoin develops, markets, and sells prestigious color cosmetic products in both domestic and international markets. Kevyn Aucoin believes that beauty is always in fashion; trends come and go, but true beauty transcends time. Kevyn Aucoin’s timeless, confident and sophisticated glamour products are available at select high-end physical and online retailers and boutiques.

David Grende, President and CEO of Siena Lending Group, said, “We are delighted to provide a financing facility that helps the management team meet its strategic growth objectives. Providing growth financing for quality brands like Kevyn Aucoin is an essential part of our business strategy.”

Chris Ahearn, Chairman and CEO of Kevyn Aucoin Beauty, said, “We chose to work with Siena because they understand our needs as a high growth company to scale all parts of our business and infrastructure to keep up with consumer and retailer demand. We know that they will be a good partner for us.”

Siena Lending Group LLC announced the completion of a three-year $3 million senior secured revolving credit facility as part of a $13 million leveraged recapitalization for VIOlife, LLC. The facility was done in conjunction with subordinated debt and preferred equity provided by Banyan Mezzanine Fund and Diamond State Ventures. The transaction was sponsored by Consumer Growth Partners and PMC Partners.

Headquartered in Yonkers, NY, VIOlife, LLC is a premier developer, marketer and distributor of unique, stylish oral care and personal care products.

David Grende, President and CEO of Siena Lending Group, said, “We are pleased to be able to work in conjunction with the other senior lenders to fund a complex leveraged recapitalization. We look forward to working with the company as they execute their business plan for growth.”

Jonathan Pinsky, CEO of VIOlife, said, “We are very pleased with Siena’s execution in closing the transaction and their coordination with the other lenders as they acted with a high degree of professionalism.”

Siena Lending Group is an independent commercial finance company offering asset-based loans between $1 million and $20 million to small and middle market businesses across the United States. Siena also offers a turn-key servicing platform, which provides an attractive asset based product for community and regional banks that desire improved operating metrics and asset diversification.

Carol’s Daughter was a beauty brand and portfolio company of Pegasus Capital Advisors. The company was changing its sales and marketing strategy from operating its own retail locations and selling into department stores to selling into the mass market.

Siena Lending Group announced the completion of a three year, $5 million senior secured revolving credit facility for Vibrant Health. The facility will be used for working capital needs as Vibrant Health continues on its strong path of growth.

Headquartered in Canaan, CT, Vibrant Health is a developer and distributor of nutritional food supplements for general health and wellness for men, women and children. Vibrant’s products are sold in many retail locations as well as over the internet.

David Grende, President and CEO of Siena Lending Group, said, “We are pleased to be able to provide Vibrant Health with the capital that they will need in order to continue to execute on their growth plans.”

Ted and Paige Parker, President and the COO of Vibrant, said, “We are very pleased to have a partner in Siena to help us achieve our growth goals. Siena’s execution in closing the transaction was second to none.”

Siena Lending Group is an independent commercial finance company offering asset based loans between $1 million and $20 million to small-and middle-market businesses across the United States. Siena also offers a turn-key servicing platform, which provides an attractive asset-based product for community and regional banks that desire improved operating metrics and asset diversification.

Siena’s independence as a finance company allows innovative and flexible solutions, while allowing its customers to maintain a relationship with their own bank. Siena’s management team is experienced, innovative, dependable, entrepreneurial, and highly regarded within the industry. The team has, on average, over 20 years each of experience and has transacted over $12 billion in facilities.

Siena Lending Group LLC (“Siena”) announced the completion of a three year, $5 million senior secured revolving credit facility for Organic Holdings (“Organic”). The facility was used to refinance Organic’s existing credit facility and will be used for working capital needs as Organic continues on its strong path of growth.

Headquartered in Boca Raton, FL, Organic is an emerging leader in the development and sale of science-based, natural nutritional supplements, vitamins, and healthy weight management products. Organic is the leader in the resveratrol and collagen supplement categories under the Reserveage and ResVitale brand names.

David Grende, President and CEO of Siena Lending Group, said, “We are pleased to be able to provide Organic with the capital that they will need in order to continue to execute on their growth plans.”

Naomi Whittel, Majority Owner and the CEO of Organic, said, “We are very pleased to have a partner in Siena to help us achieve our growth goals. Siena understands our industry and was able to put together a financing package that fits our needs.”

About Siena Lending Group:
Siena Lending Group is an independent commercial finance company offering asset based loans between $1 and $25 million to small and middle market businesses across the United States. Siena also offers a turn-key servicing platform, which provides an attractive asset based product for community and regional banks that desire improved operating metrics and asset diversification.

Siena’s independence as a finance company allows innovative & flexible solutions, while allowing its customers to maintain a relationship with their own bank. Siena’s management team is experienced, innovative, dependable, entrepreneurial, and highly regarded within the industry. The team has, on average, over 20 years each of experience and has transacted over $12 billion in facilities. For further information please visit us at www.sienalending.com or contact a Siena team member.

Siena Lending Group LLC (“Siena”) announces the completion of a $7.5 million asset-based revolving and term loan credit facility for Facet Medical Technologies, LLC (“Facet”). The facility will be used to support the company’s working capital and continued growth.

Founded in 1969, Facet is a medical Original Equipment Manufacturer that engineers, designs, and develops hand-held medical devices and accessories primarily associated with diabetes care and management (such as lancing devices and lancets, continuous glucose sensing components, pen needles, pressure bandages, and other complementary devices). Facet’s customer base predominantly consists of diabetes products divisions of well-known, global, blue-chip healthcare products companies. Facet is majority owned by Tower Three Partners.

Scott Elliotto, Director of Siena Lending Group, said, "We are pleased to have the opportunity to partner with Tower Three Partners and the company’s management team, and provide a financing solution to accommodate the working capital needs of Facet. It was a pleasure working with them and we look forward to the company’s future growth and success.”

Andrew Goodrow, CEO of Facet, said, “The Siena team was very diligent and constructive during the entire process and structured a financing program that fit our specific needs that will allow us to now focus on growing and managing our business.”

Tower Three Partners is a leading operationally-oriented private equity firm that invests in a concentrated portfolio of U.S.-based middle market companies. With long-term committed capital from major institutional investors and a senior management team that collectively has decades of experience revitalizing businesses, the firm targets equity investments of $50M to $150M that provide a catalyst for growth.

Siena Lending Group LLC (“Siena”) announces the completion of a three-year $8 million asset based revolving credit facility for Algenist LLC (“Algenist”). The facility will be used to support the company’s working capital and continued growth.

Algenist, founded in 2011, is a skincare company based in Glendale, CA and is majority-owned by private equity firm Tengram Capital Partners LLC (“Tengram”). Algenist developes and produces luxury-brand, clinical skincare products that utilize the beneficial, scientific properties of microalgae, one of the oldest and most nutrient-rich algae in the world. The company’s portfolio of products spans across key skincare categories, including anti-aging, firming & lifting, repairing, pore refining, cleansing, brightening, and color correction.

Scott Elliotto, Director of Siena Lending Group, said, "We are pleased to have the opportunity to partner with Tengram and the company’s management team and provide a financing solution to accommodate the projected growth of the Algenist brand. It was a pleasure working with them and we look forward to the company’s future growth and success.”

“Siena provided an attractive financing alternative for Algenist and was very responsive in addressing the company’s liquidity needs,” said Rich Gersten, a Partner at Tengram.

Siena Lending Group LLC (“Siena”) announces the completion of a $9.0 million revolving credit facility for a skin care company (the “Company”) to refinance their existing senior debt and support their working capital needs. The skin care company is a portfolio company of one of the largest consumer-focused private equity groups in the world.

The company formulates, markets, and distributes highly customizable makeup solutions that include foundations, concealers, primers and highlighters under the skin care company’s brand name. The company’s major customers include Sephora and Ulta, the two largest U.S. cosmetic retailers.

Siena Lending Group announces the completion of a $7.25 million revolving and term loan facility for Don Rose Oil Company (“DRO”). The facility was used to refinance the existing lender as well as providing additional liquidity for working capital needs.

Headquartered in Visalia, CA and established in 1972, DRO is a distributor of gasoline, diesel and propane in the San Joaquin Valley of California.

David Grende, President and CEO of Siena Lending Group, said, “We are very pleased that we were able to provide an asset based lending structure that offers incremental liquidity to Don Rose Oil Company. We look forward to working with the company as they continue to execute their business plan and seek acquisition opportunities.”

John Castellucci, Chief Executive Officer of Don Rose Oil Company, said, “The people at Siena are very professional and set themselves above from other finance companies in that they took the time to understand our business and financing requirements. I look forward to a long relationship with them.”

Siena Lending Group is an independent commercial finance company offering asset based loans between $1 million and $25 million to small and middle market businesses across the United States. Siena also offers a turn-key servicing platform, which provides an attractive asset based product for community and regional banks that desire improved operating metrics and asset diversification.

Siena Lending Group LLC (“Siena”) announces the completion of a three-year $10.0 million revolving credit facility for Shale Support Holdings, LLC (“Shale”) to provide additional working capital to support the growth of their business.

Headquartered in Picayune, MS, Shale is a total solution provider for the hydraulic fracturing sand market by providing timely delivery of its premium quality Delta Pearl hydraulic fracturing sand, superior logistical solutions, and in-basin storage capacity. Shale serves many of the major shale plays including the Marcellus/Utica, Haynesville/Tuscaloosa, Permian, and Eagle Ford shale basins. After a successful recent plant expansion that more than doubled the company’s output capacity, the company sought a working capital facility that offered flexible terms and Siena was able to deliver.

Charles Caswell, Chief Financial Officer of Shale, said, “We are excited to partner and look forward to growing our business with Siena’s support and commend them for their utmost professionalism and efficient closing process which made for a rapid close on this credit facility.”

Nick Payne, Director of Siena Lending Group, said, “We are eager to partner with Shale and their management team to support a company strategically positioned for consistent growth. I’m proud that the Siena team was able to work quickly within the company’s specified timeline to close this credit facility and tailor it to management’s needs. We look forward to a long-term relationship with Shale.”

Siena Lending Group LLC (“Siena”) today announced the completion of a $15 million credit facility for Rotorcraft Leasing Company, LLC (“Rotorcraft”) to refinance their existing senior debt and to support their working capital needs. Rotorcraft is an investment of Bain Capital Credit, formerly known as Sankaty Advisors.

Headquartered in Broussard, Louisiana, Rotorcraft provides helicopter transportation of personnel, parts and equipment to and from offshore platforms and rigs for customers primarily engaged in oil and gas production in the shallow waters of the Gulf of Mexico. Rotorcraft is one of the largest providers of the small helicopter transportation services to oil and gas producers in the Gulf of Mexico operating 49 small and mid-sized helicopters.

David Grende, President and CEO of Siena Lending Group, said, “We are pleased to provide a flexible asset-based facility to Rotorcraft that will help them get through the current challenging landscape in the oil and gas industry. The management team of Rotorcraft and Bain have done a tremendous job given the softness in the industry."

Brett L’Esperance, Executive Vice President of Bain Capital Credit, added, “We are pleased to partner with Siena Lending Group as our financial lender. The Siena team was quite flexible on the structure of the transaction and dedicated the time needed to thoroughly understand our business. They were a pleasure to work with and completed the transaction in a timely manner."

Siena Lending Group LLC (“Siena”) announces the completion of a $15 million credit facility for Ranger Subsea Nig Ltd. to fund expanding operations off the coast of Lagos, Nigeria.

Headquartered in Houston, TX, Ranger Offshore, the parent and its subsidiaries, provides subsea construction services and support for the offshore oil and gas industry, including subsea inspection, repair and maintenance, decommissioning and new construction projects in the U.S. Gulf of Mexico, Mexico, West Africa, and select international markets. Ranger Offshore is a portfolio company of SunTx Capital Partners. FocalPoint Partners LLC acted as the debt and financial advisor on the transaction.

David Grende, President and CEO of Siena Lending Group, said, “We are very pleased to provide the credit facility to Ranger Subsea Nig Ltd to support their growth and expansion in Nigeria. We were able to respond quickly to the request and to deliver a commitment and closing within the time frame requested by the company.”

Chris Guinta, a Director of Ranger Subsea Nig Ltd. said, “We are pleased to have established the credit facility and look forward to expanding the relationship with Siena in the future.”

Siena Lending Group LLC (“Siena”) announced the completion of a three-year $25 million asset-based revolving credit facility for Universal Lubricants, LLC, a portfolio company of Pegasus Capital Advisors. Universal Lubricants will utilize the facility to provide additional liquidity and capital resources to support the company’s growth and working capital requirements.

Founded in 1929, Universal Lubricants is a driving force in used oil collection, base oil refining and distribution. Through its closed loop process, the company collects, re-refines, blends and re-distributes its own engine oils and lubricants ensuring that every quart is of the highest quality for optimal performance. Universal Lubricants operates 34 facilities nationally, including one of the world's most technologically advanced re-refineries in Wichita, Kansas.

David Grende, President and CEO of Siena Lending Group, said, “This transaction exhibits two of our core strengths. Flexibility to meet Universal’s requirements upfront and certainty of execution by delivering upon what we proposed initially”.

Randall Wilson, CFO of Universal, said, "We are delighted to have Siena as our financing partner and they delivered on what was proposed in an expeditious manner.”

Pegasus Capital Advisors, L.P. is a private equity fund manager that has been providing creative capital and strategic solutions to companies across a variety of industries since 1996. Pegasus partners with management teams of growth companies, with a focus on those that benefit from the business implications of global resource scarcity. Sectors where this trend is most pronounced are food, water, energy, health & wellness and security. Pegasus currently manages approximately $2.0 billion in assets.

Siena Lending Group is an independent commercial finance company offering asset-based loans between $1 million and $25 million to small-and middle-market businesses across the United States. Siena also offers a turn-key servicing platform, which provides an attractive asset based product for community and regional banks that desire improved operating metrics and asset diversification.

Siena’s independence as a finance company allows innovative and flexible solutions, while allowing its customers to maintain a relationship with their own bank. Siena’s management team is experienced, innovative, dependable, entrepreneurial, and highly regarded within the industry. The team has, on average, over 20 years each of experience and has transacted over $12 billion in facilities.