CapX Partners closed a lease facility to support the growth needs of JD Norman Industries, a manufacturer of metal components and systems with operations in the U.S., Mexico, Canada and the UK.

The amount of the lease was not disclosed and will used to support the manufacturing of a particular machine part over a long-term contract.

“JD Norman was looking for additional funding to support new programs,” said Barrett Carlson of CapX Partners. “They are in the process of retooling their plant in Michigan and we are helping them fund the capital for the manufacturing lines.”

Founded in 1999, CapX Partners is a specialty finance company that focuses on private equity and venture backed portfolio companies looking for debt financing in the $2 million to $20 million range.