Garrison Investment Group announced the funding of a $40 million term loan credit facility, in conjunction with a $35 million J.P. Morgan Chase asset-based revolving credit facility, to A.S.V., Inc. (“A.S.V.”). A.S.V. is a premier manufacturer of skid steer loaders and compact track loaders with trailing twelve month revenue and adjusted EBITDA of $130 million and $14.9 million, respectively.

Proceeds from the transaction were used to finance the acquisition of 51% of A.S.V. by Manitex International, Inc. from Terex Corporation. Garrison Loan Agency Services acted as administrative agent on the transaction for the term loan credit facility.

Headquartered in Bridgeview, Illinois, Manitex International, Inc. is a leading international provider of cranes and specialized material and container handling equipment.

Garrison Investment Group LP and its affiliates ("Garrison") is an alternative investment and asset management firm founded in March 2007 and headquartered in New York. Garrison focuses on deploying capital across its corporate finance, real estate, consumer finance and structured credit investment strategies. Garrison Corporate Finance provides credit solutions to underserved middle market and lower middle market companies across a broad range of industries that are primarily based in the United States.