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Fifth Third BC Provides $9.8MM Credit Facility to Promise to Perform Industries

December 15, 2021, 07:39 AM
Filed Under: Materials Handling

Fifth Third Business Capital provided a $9.8 million senior credit facility to Promise to Perform Industries

Promise to Perform Industries was formed by a team of senior management to acquire the assets of various operating businesses of Transol Corporation and Subsidiaries. Promise to Perform operates under three well-established brand names in the industrial materials handling industry- Spanco, Spanco Cranes, and Lug-All. These brands date back to the 1960s and include a wide selection of gantry cranes, workstation bridge cranes, monorails, tripods, and jib cranes with products available in steel and aluminum. The company also manufactures fall protection and safety systems used in various construction applications. The company operates from two locations in Central Pennsylvania and a third in Las Vegas, Nevada.







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