MCRC Provides Mezzanine Capital for Cybex International, Inc.’s “Going Private” Merger
MCRC is pleased to announce its recent mezzanine capital investment in Cybex International, Inc., a leading manufacturer of commercial fitness equipment. MCRC’s investment provided the financing for UM Holdings, the Company’s largest shareholder, and Cybex management to take the Company private. The Cybex product line includes a full range of strength and cardio training machines, designed to improve physical well-being, function and performance. The Company designs and builds its products in state-of-the-art facilities located in Medway, Massachusetts, and Owatonna, Minnesota. Cybex employs over 600 people and sells its products in over 90 countries across the globe. For more information, visit the Company’s website at www.cybexintl.com.
About MCRC
Massachusetts Capital Resource Company invests in established emerging growth and middle market companies in Massachusetts. Our mezzanine investments fill the financing gap between traditional senior debt and equity. We help companies fund strategic acquisitions and growth initiatives, and strengthen their balance sheets. For more information, please visit our website (www.masscapital.com) or contact us at 617-536-3900.