Backcast Partners Enhances Investment in M&R Group Holdings

Backcast Partners Announces New Investment in M&R Group Holdings

Backcast Partners, a prominent name in providing capital to middle-market companies, has made an exciting announcement regarding its latest investment aimed at supporting M&R Group Holdings, LLC in refinancing its existing senior debt. This strategic move positions Backcast as a key player in enhancing M&R's operational effectiveness and growth trajectory.

M&R Group Holdings: A Leader in Apparel Screen Printing

M&R Group Holdings, known as M&R, stands out as one of the world’s leading manufacturers of apparel screen printing equipment. Established in 1985, the company has consistently pushed the boundaries of innovation within its sector. With its headquarters in Roselle, Illinois, M&R has evolved its product lines to cater to the growing demands of the digital printing landscape, ensuring a diverse portfolio that meets the needs of modern apparel manufacturers.

The company is renowned for its extensive range of proprietary machinery, which plays a crucial role in applying decorative designs to garments. With decades of experience, M&R maintains a leadership position in the apparel printing industry thanks to its comprehensive capabilities in screen, digital, hybrid, and film printing systems.

Management Expectations and Growth Opportunities

Danny Sweem, the CEO of M&R, expressed his enthusiasm about the partnership with Backcast. He noted, "This new credit facility is pivotal as we continue our journey toward significant growth into the future. With Backcast’s support, we aim to enhance our service delivery and reinforce our position as leaders in garment printing technology."

Backing Growth Through Solid Partnerships

Peter Van Raalte, Co-Founder of Corinthian Capital Group, echoed these sentiments. He stated, "Partnering with Backcast underlines our commitment to facilitating M&R’s growth. The ongoing collaborations between Backcast and Corinthian, particularly in financing our portfolio companies, have solidified our trust and effectiveness in achieving shared goals."

Ed Cerny, Managing Partner at Backcast, is particularly optimistic about this investment. He remarked, "Our history of successful collaborations with Corinthian dates back to 2012. We're thrilled about this latest engagement with M&R, a company recognized for its leadership in a stable yet expanding niche market. M&R's management team exemplifies excellence, and we look forward to collaborating with them to foster their growth further."

About Backcast Partners

Founded in 2016, Backcast Partners is dedicated to managing credit-focused private investment funds. The company prides itself on offering valuable capital to both private-equity backed and privately owned management companies. With approximately $1.3 billion in assets under management, Backcast has a robust presence in the middle-market sector, supporting companies generating between $7.5 million and $50 million in EBITDA.

Backcast’s investment strategy is flexible and designed to meet the needs of various companies, with the capacity to invest sums varying from $20 million to $150 million per transaction. Backcast Partners maintains offices in key locations, including New York City and Millburn, NJ, enabling them to effectively serve their clients.

Frequently Asked Questions

What is the purpose of Backcast's new investment in M&R?

Backcast's investment aims to support M&R Group Holdings in refinancing existing senior debt, enabling the company to enhance its financial stability and growth potential.

What products does M&R Group Holdings offer?

M&R is known for its comprehensive range of apparel screen printing equipment and has expanded into digital printing offerings, catering to a broad customer base.

What are Danny Sweem's views on the partnership with Backcast?

Danny Sweem, CEO of M&R, believes that the new credit facility is crucial for their growth strategy and will enhance their ability to deliver world-class service and innovative technology.

How long has Backcast been involved with Corinthian Capital?

Backcast has been working with Corinthian Capital since 2012, focusing on financing various portfolio companies to drive their growth.

Where is Backcast Partners based?

Backcast Partners operates out of offices located in New York City and Millburn, NJ, facilitating their service to middle-market companies.

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