BowPoint sourced this transaction on behalf of its client, Advantage Capital. Terms of the transaction are confidential.
ABOUT DRC INDUSTRIES (www.drcindustries.com)
DRC Industries, founded in 2001 provides custom packaging products and industrial services serving the key markets including steel mills, metal processors, food & beverage manufacturers, contract packaging/fulfillment facilities, furniture manufacturers, automotive suppliers, agricultural industries, and the floor protection/polishing markets. DRC operates a full service manufacturing and converting operation in a 150,000 square foot facility in Carrollton, KY.
ABOUT ADVANTAGE CAPITAL (www.advantagecap.com)
Advantage Capital provides equity and debt financing to established and emerging companies located in communities underserved by conventional sources of capital. Since 1992, the firm has invested more than $2.6 billion in companies from a diverse array of industry sectors, including manufacturing, technology and business services, among others, and has offices in New Orleans, St. Louis, New York, Austin and other locations.