Stonegate Capital is pleased to announce it has closed on the following investment:
Stonegate has closed on a $6.5MM loan for Orchid Monroe, a manufacturer of electric motor, generator and power transformer components and assemblies. Based in Monroe WI, the Company performs all processes in-house including steel slitting, high speed lamination stamping, aluminum die casting, annealing, robotic welding and assembly. As the Company has recently expanded its focus towards the electric and hybrid motor space, Stonegate Capital put in place a flexible facility to support Orchid’s operational transition. Backed by committed ownership and management, Stonegate Capital is extremely excited to work with the Company and its dedicated team as they successfully execute their operating plan.