News and Analysis
Pegasus Steel taps Citizens to arrange debt for Merrill acquisition
- Peter Benson
- +David Brooke
- + 1 more
•2 min read
Private equity firm Arlington Capital Partners has turned to Citizens Bank to arrange a debt financing for its portfolio company Pegasus Steel, according to 9fin sources.
Proceeds would fund the acquisition of steel fabrication company Merrill Technologies Group and another unnamed firm, according to the sources. Those companies would be combined with Pegasus, which Arlington acquired last year in an all-equity transaction.