Legacy Corporate Lending provided a $30 million asset-based credit facility to The Barton Group, a family-owned company that has produced the world’s highest-quality garnet abrasives for seven generations. The financing, finalized in April 2024, underscores Legacy's commitment to delivering tailored financial solutions to middle market companies across diverse industries.

Founded in 1878, Barton is world-renowned for high performance garnet abrasives. Led by CEO Randy Rapple, the Company has continued to develop new products, markets, and applications — including blasting abrasives, waterjet abrasives and waterjet parts. Barton produces garnet abrasive products for many diverse applications such as waterjet cutting, blast media, bonded and coated abrasives, and specialty lapping and grinding media. Barton also owns and operates mining and milling operations in the Adirondack Mountains of upstate New York.

"We are pleased to partner with Legacy as part of our strategy to grow our domestic and international business and better serve our customers,” said Mr. Rapple. “Legacy took the time to understand our business model and provided a tailored solution that gave us the confidence that our needs would be met.”

“We are excited that our in-depth industry knowledge and ability to provide a creative solution through a revolving line of credit and equipment term loan allows Barton to address multiple borrowing needs,” said Margaret Ceconi, EVP Portfolio and Underwriting at Legacy.