Salus Capital Partners provided a $35 million senior-secured credit facility to Manus Holdings, LLC. Manus, a portfolio company of Versa Capital Management, is a leading manufacturer of industrial products that are sold both directly and indirectly to local, state, and federal government agencies in the U.S., as well as private entities. The company acts as a holding company that owns the following three operating subsidiaries: Republic Storage Systems, LLC; Holliston, LLC; and Brite-Line Technologies, LLC. The financing will be used to retire existing indebtedness and to provide working capital for general corporate purposes.

“Salus was flexible and creative in a unique way as a lender that allowed us to unlock capital from these balance sheet intensive businesses that can now be put to more productive use in maintaining and expanding these companies,” said John Buck, managing director, Transaction Development of Versa Capital.

“The Manus credit facility adds a leading U.S. manufacturing company with an active and supportive equity sponsor to the Salus Capital portfolio,” said Andrew H. Moser, president of Salus Capital. “Salus is committed in customizing debt capital solutions to diversified manufacturers that have a vast product selection with broad distribution capabilities. We look forward to working with Manus and its equity sponsor in executing against their strategic initiatives.”

Versa Capital, based in Philadelphia, is a private equity investment firm with over $1.3 billion of assets under management focused on control investments in special situations involving middle market companies where value and performance growth can be achieved through enhanced operational and financial management.