IAM debt group lends to PE-backed JMB Crushing Systems
IAM Private Debt Group has provided a senior term loan to JMB Crushing Systems ULC, a Bonnyville, Alberta-based producer and distributor of gravel, sand, rocks and other materials. Terms weren't disclosed for the deal, which is IAM's third with the company. Established in 1985, JMB supplies materials to industrial projects, oilfield companies and road construction. It has been backed since 2011 by U.S. private equity firm Westward Partners. IAM Private Debt Group is overseen by Integrated Asset Management Corp, a Toronto-based alternative asset management firm.
12 November 2018•2 mins read
