FirstMerit's Sponsor Finance Group Backs Signature Buyout
April 16, 2013
The Sponsor Finance Group of FirstMerit Bank, a financial services company based in Akron, OH, has announced that it provided approximately $33 million in senior debt facilities to support Linsalata Capital Partners' acquisition of Signature Systems. Based in New York, Signature Systems designs, manufactures and distributes specialty ground surfaces used by a diverse range of domestic and international end markets. FirstMerit's Sponsor Finance Group focuses on providing enterprise value-based senior debt facilities to portfolio companies of middle-market PE sponsors.