IAM lends $8 mln to Blackstone Industrial for Nuovo Parts buy
Integrated Asset Management Corp (IAM) has provided an $8 million senior loan to Blackstone Industrial Services, a Sherwood Park, Alberta-based equipment service firm focused on critical infrastructure for food production, oil and gas, petrochemicals and the infrastructure industry. The capital infusion will be used to acquire Nuovo Parts, a Surrey, British Columbia-based specialty Italian parts reseller in North America. Based in Toronto, IAM is an alternative asset management firm that invests in real estate and private debt.
1 February 2018•2 mins read
