LBC Credit Partners (LBC) announced an increase in the America II credit facility to $49.7 million to support the acquisition of Advanced MP Technology, Inc. America II is a portfolio company of Wynnchurch Capital, LLC.
LBC served as Agent and Sole Lender for the senior secured term loan.
Founded in 1989 and headquartered in St. Petersburg, Florida, America II is a global leader in electronic component distribution and supply chain services serving a broad array of products for use in higher value-add applications across diversified end-markets including industrial controls and sensors, medical devices, data networks, internet-connected products and material handling/transportation equipment. The Company has a global footprint and sources and stocks 1 billion+ components with 100,000+ unique SKUs. America II has distribution capabilities and offices in the U.S., UK, Germany, China, Japan, Singapore and Mexico.
Founded in 1978 and headquartered in San Clemente, California, Advanced MP, is a full-service global distributor of electronic components and provider of supply chain solutions. The Company specializes in hard-to-find as well as mature and obsolete components, all of which they test and inspect in house. Advanced MP has distribution facilities in the U.S. (California), Hungary, and China along with a sales and sourcing presence across 26 locations in the Americas, Europe, and Asia.