Crown Partners LP announces the arrangement of an $8.5 million credit facility for Stainless Foundry & Engineering Inc. (SFE) to refinance their existing senior debt and provide additional capital for an opportunistic transaction set to close in the fourth quarter.

Established in 1946 and headquartered in Milwaukee, Wisconsin, SFE is a leading manufacturer of stainless steel and high alloy castings serving diverse markets. With annual shipments of nearly 4 million pounds, SFE has the technical competence and manufacturing expertise to deliver specialized products ranging from grams to over 2,800 pounds.

Tom Shinners, Chief Financial Officer of SFE, said, "When we were selecting our new lender, Crown’s team stood out by proposing a customized solution to our unique capital needs and opportunity. Crown then fully delivered on that promise, while achieving all scheduled milestones."

Gregg Simpson, Senior Vice President of Crown Partners LP, said, "Getting to know the SFE management team through our process has been a personal highlight. Working with such high caliber individuals is what keeps us passionate to deliver solutions to businesses with complex needs." This closing represents another successful transaction for Mr. Simpson with Guard Hill Holdings, SFE's equity sponsor.

Crown extends its thanks to Bob Frisch of Frisch Capital Partners. Mr. Frisch served as financial advisor to SFE, rigorously representing its interests while assisting in effectuating a successful outcome.