Sterling National Bank provided senior secured credit facilities totaling $20,500,000 to Pinnacle Climate Technologies.
Over the last six decades, Pinnacle and its subsidiaries have been designing and manufacturing a variety of climate control solutions serving a range of uses from cooling a dairy barn to in-home heating.
Pinnacle's products are sold under several name brands including: Master®, Schaefer®, Remington®, Americ® and Stanley®. Headquartered in Eden Prairie, MN, the Company also has manufacturing facilities in Sauk Rapids, MN and Qingdao, China.
This deal was sponsored by Taglich Private Equity, a New York based, value-oriented financial sponsor that is focused on investing in the lower middle-market.