Archway secures $85 million acquisition financing via Madison Capital

By Susanna Moon

Chicago, May 24 - Archway secured a substantially expanded credit facility with Madison Capital Funding, LLC as lead arranger to fund its ongoing acquisition strategy, according to a company press release.

The $85 million facility is expandable to $120 million.

The press release did not include pricing or interest rates.

Lenders also included Madison Capital Funding LLC, Fifth Third Bank, BMO Financial Group, NewStar Financial, Inc., Churchill Financial Holdings LLC and Missouri Local Government Employees Retirement System.

"Since partnering with Tailwind Capital and Black Canyon Capital in late 2008, Archway has broadened its capabilities, expanded its geographic reach and more than doubled in size," Clay Perfall, chief executive officer of Archway, said in the release.

"That growth has been driven by organic growth with new and existing clients, complemented by acquisitions of the supply chain management operation of Resolve Corp. in 2009 and Corporate Services Inc. earlier in 2011. This expanded credit facility positions Archway to continue to pursue our vision of creating a true leader in a growing market."

Archway is a Rogers, Minn.-based marketing fulfillment and marketing supply chain management services company.

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