Strength Capital Completes Refinancing of Propane Services
Strength Capital Partners L.L.C., a Birmingham, MI based private-equity firm, has closed on the refinancing of its existing portfolio company, Propane Services LLC. The refinancing included a dividend distribution to shareholders. The financing was provided by Kansas City-based Academy Bank, a division of Armed Forces Bank, N.A.
Propane Services is located in Romulus, MI is leading distributor of propane to industrial and commercial customers. In addition, the Company rents temporary heating equipment of various sizes, hoses, and fans to the construction market. The Company has proudly served Southeastern Michigan with affordable prices and exception customer service for over 50 years.