Fifth Third Business Capital closed an $8.5 million credit facility with BlastOne International, a privately held company specializing in the provision of leading products and services to the corrosion control industry throughout North American and Asia Pacific. The Company is considered a global leader in abrasive and industrial coating equipment, equipment design and consumables, providing corrosion protection training, protective and safety gear and supplies to contractors, major metal fabricators and asset owners.

Through an introduction to BlastOne from Schneider Downs Meridian, LP, Fifth Third Business Capital was able to provide a larger, more flexible working capital facility to support the growing distribution business and a capital expenditure line of credit to support expanding demand in the Company’s equipment rental business.