MCRC Provides Mezzanine Capital for Townsend Energy’s Acquisition of M.L. Halle
MCRC is pleased to announce a mezzanine investment in Townsend Energy to support their acquisition of M.L. Halle. Founded in 1931, Townsend Energy operates as a full-service energy marketer, providing heating oil, propane, kerosene, diesel, gasoline and related services to residential and commercial customers in MA, NH and ME. Founded in 1961, M.L. Halle distributes heating oil and provides HVAC services in NH. This acquisition will expand Townsend’s footprint in NH and provide an opportunity to cross sell other products and services to M.L. Halle’s customers.
For more information, visit the website www.townsendtotalenergy.com.
Established in 1977, Massachusetts Capital Resource Company is a private limited partnership owned and funded by Massachusetts-based life insurance companies. MCRC provides junior capital to Massachusetts businesses, filling the gap between senior debt and equity. MCRC’s investments finance growth strategies, acquisitions, management buyouts and recapitalizations in a wide range of industries including manufacturing, distribution, consumer products, business services and technology.
For more information, please visit our web site or call us at 617-536-3900.