The PrivateBank announced it has extended a $12.5 million credit facility to the Gleason Group of Companies. Headquartered in Los Angeles, Calif., the Gleason Group produces sewn goods, hand trucks, trailer carts and various other lawn and garden products through three operating divisions in manufacturing facilities across the Midwest.

Howard Simon, Chief Operating Officer of Gleason Industrial Products, Inc., said “The PrivateBank was remarkably attentive to our needs, extremely competitive and genuinely concerned about forging a long-term relationship.”

“Gleason has had a manufacturing presence in the U.S. for almost 70 years and is a perfect fit for our client base. We are excited to be their financing partner and support their growth going forward,” said Bruce Denby, Asset Based Lending Co-Group Head at The PrivateBank.

The PrivateBank is a part of PrivateBancorp, Inc., and delivers customized business and personal financial services to middle-market companies, as well as business owners, executives, entrepreneurs and families in all of the markets and communities it serves. As of June 30, 2015, the company had 34 offices in 11 states and $16.2 billion in assets.