CapX Partners closed a $2.6 million customized equipment lease line of credit to Imperial Frozen Foods, a supplier of frozen fruits and fruit blends.

Imperial will use the CapX lease facility to finance equipment for its new production facility in Savannah, GA.

The company was introduced to CapX Partners by its Chicago-based private equity owners, Kenex Holdings. CapX learned that Imperial had generated consistent growth in recent years, but continued to be hindered by capacity constraints. Kenex and Imperial approached CapX to procure and finance packaging equipment that will allow Imperial to transition into a self-manufacturer, which will in turn alleviate capacity constraints.

CapX’s lease facility will fund state of the art packaging and bagging equipment for multiple production lines and will help provide needed capacity for growth while also helping to optimize logistics. CapX’s flexible approach will allow Imperial to efficiently purchase, install the equipment and have the plant fully operational to service growth in product demand.

“We are very happy with CapX. It was easy working with the CapX team to close the deal; information requests were manageable and they were quick to respond to inquiries. Funding has been very smooth. We look forward to a continued partnership with CapX,” said Nick Kuneman, founding partner of Kenex Holdings.

“It was a pleasure working with Imperial and Kenex on the transaction. Together, we structured a debt facility that’ll allow the company to bring the manufacturing process in-house. We look forward to reviewing future growth capex opportunities with both Imperial and Kenex,” said Bryan Rozum, director of CapX Partners.