Massey Capital Increases Credit Facility to $50 Million
Toronto June 29, 2023 – MC Massey Capital Holdings Inc. (“Massey Capital”) announced today that it has expanded and extended its credit facilities to $50 Million. These facilities are provided by The Bank of Nova Scotia and The Toronto-Dominion Bank. The expanded facilities will be used to fund acquisitions and for general corporate purposes.
“We appreciate the long-standing relationships we have with The Bank of Nova Scotia and The Toronto-Dominion Bank, who play an important role in our growth strategy. Our expanded facilities provides us with the capacity to increase the size of our acquisition targets in the lower mid-market,” said Roman Kocur, Managing Partner & Founder at Massey Capital.
“Our existing portfolio of businesses continues to grow at a compounded annual growth rate that exceeds 15%. With our expanded credit facilities and strong existing portfolio we are well positioned for continued disciplined organic and inorganic growth. I am excited about the financial strength and stability that this brings to our consolidated portfolio of investments,” said Adam Bortolussi, Partner at Massey Capital.
About Massey Capital
Massey Capital is a Toronto based firm that invests in lower mid-market companies in Canada, defined as business with annual EBITDA less than $5.0 million. Massey Capital’s vision is to work with management teams to help businesses achieve their full potential. Massey Capital currently has 15 investments in custom manufacturing, distribution and business services companies.
