IAM’s private debt unit lends to PE-backed JMB Crushing Systems

IAM Private Debt Group has provided an undisclosed senior term loan to JMB Crushing Systems ULC, a Bonnyville, Alberta-based producer and distributor of gravel, sand, rocks and other materials to industrial projects, oilfield developments and road construction. The funds raised will be used by the company to refinance debt and fund continued growth across Western Canada and the Northwestern United States. JMB has been backed by U.S. private equity firm Westward Partners since 2011. IAM Private Debt Group is a division of Toronto-based Integrated Asset Management Corp (TSX: IAM).

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