Madison Street Capital, acted as the exclusive financial advisor in arranging a credit facility for Renegade Industrial. The facility was provided by Loeb Term Solutions. The transaction was led by Madison Street Capital senior managing director, Barry Petersen. Specific terms of the deal were not disclosed.

“It is impressive that Renegade is experiencing an uptick in this sector and new market penetration, while most of their competitors are struggling. This facility is timed very well to support these initiatives,” Petersen explained.

Renegade Industrial’s president, Tom Staniforth, credited Madison Street Capital as being a pivotal asset in closing such a timely deal.

“As president of Renegade, I want to state the appreciation for the opportunity to work with Madison Street Capital. Their senior managing director, Barry Peterson, played an extremely crucial role in closing this deal for Renegade Industrial. We are looking forward to a long-lasting relationship with Mr. Petersen and Madison Street Capital.”

Madison Street Capital is an international investment banking firm that delivers corporate financial advisory services, merger and acquisition expertise, financial opinions, and valuation services to publicly and privately held businesses.

Price, UT-based Renegade Industrial is a customer-focused provider of products and services to the oil, gas, mining and power industries.

Chicago-based Loeb is a provider of reliable equipment and related services that help manufacturers and financial institutions leverage their industrial assets by managing the equipment lifecycle. Loeb Term Solutions provides credit facilities to clients with significant assets.