CapX Provides $5.25MM Lease Line to PCX Aerostructures

PCX Aerostructures (PCX), a supplier of highly engineered, precision, flight critical and structural assemblies for rotorcraft and fixed-wing aerospace platforms, announced that CapX provided a $5.25 million lease line of credit to fund the acquisition of several CNC machines at its Newington, CT plant.

By using CapX’s equipment lease product featuring 100% asset advance rates, the company preserved liquidity with its bank group and diversified its funding sources.

RFE Investment Partners, 24/6 Capital Partners and PCX management acquired PCX in 2014.

“Known in the industry as a manufacturer of complex parts with tight tolerances, PCX has long term relationships with blue chip customers. We were delighted to step in with our capital in support of RFE and PCX as the company pursues its growth strategy,” said Steve Healey, managing director at CAPX Partners.

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