Praesidian Capital exits $8.5 million investment in Arc Machines
New York-based Praesidian Capital, a provider of senior and subordinated capital for small and midsized businesses, has exited its $8.5 million investment in Arc Machines Inc., a Pacoima, Calif., manufacturer of automated orbital welding equipment.
The investment was made initially to support a 2008 recapitalization of the company. Praesidian’s exit is in connection with a sale of the business to a strategic buyer.
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