Huntington Business Credit closed a $35,000,000 new credit facility with Sunbelt Modular, Inc. on August 15, 2022. Sunbelt Modular, Inc. is a new portfolio investment for MSouth Equity Partners, a private equity investment firm located in Atlanta, Georgia. Proceeds of the facility were used to finance the acquisition and provide ongoing working capital growth financing.
               
Sunbelt Modular, Inc. headquartered in Phoenix, Arizona, is a manufacturer of modular buildings.
                           
Huntington Business Credit provides working capital and term loan facilities to large corporate and middle market companies for acquisitions, LBO’s, MBO’s recapitalizations, rapid growth, seasonal working capital build-up, and turnaround situations.