Veritas Financial Partners announced the closing of a $7.5 million credit facility for Colonna Brothers, Inc. in support of its future growth. The closing of this transaction contributed to Veritas’s record second quarter volume of $45 million in commitments.
 
Evan Nadler, Senior Vice President of Veritas Financial Partners, said, “I am thankful to the Colonna family for putting their faith in the Veritas team and thrilled that we delivered a successful outcome.  I wish them continued success with their business.”
 
Headquartered in North Bergen, New Jersey, Colonna is a fourth generation family owned business involved in packaging and distributing cheese, bread crumbs and other specialty food items under its Colonna brand name and private label brands.  Founded in 1918, the company is a leading distributor to national grocery retailers in the Northeastern United States.
 
Mark Colonna, Vice President and Co-Owner of Colonna, said, “Colonna is extremely grateful to the Veritas team – their talent and sophistication in closing a complex transaction provided significant value to Colonna as we seek to capitalize on opportunities in our market.  We are looking forward to a long and successful relationship with Veritas.”