All in the Family

Livingstone completes another financing for Kruger Family Industries
  • jan 2025
  • Industri
  • Skuldrådgivning
  • USA

Livingstone’s Debt Advisory team is pleased to announce another successful refinancing for Kruger Family Industries (“KFI” or the “Company”) by BancFirst and Mabrey Bank. The transaction closed in January 2025; terms were not disclosed.

Headquartered in Portage, Wisconsin, KFI is North America’s largest manufacturer of heavy gauge thermoformed plastic products. Through four manufacturing facilities in the U.S. and Mexico, the Company manufactures custom-designed, heavy gauge thermoformed material handling products and automotive components used primarily for electric vehicles, traditional automotive OEM, distribution, government, and industrial end markets. The Company’s differentiated engineering capability has made it a trusted supplier to a diverse customer base that requires products to meet exact standards.

Livingstone was engaged to refinance the Company’s existing senior debt facility, which consisted of a asset based revolver and a term loan. “Our relationship with Livingstone goes back over 11 years. Livingstone’s in-depth knowledge of our business allowed us to quickly survey the market and find the right financing partner for our business. We are a family business, and relationships matter a lot to us. We are thrilled to have trusted financial partners at BancFirst and Mabrey Bank to help us with our next chapter of growth,” said David Kruger, President of KFI.

“David has built a tremendous business over the past decade. A large part of that success comes from KFI’s loyalty and longstanding relationships. It was therefore pretty natural that David’s business would return to trusted Oklahoma-based banks that have a relationship with the Kruger family going back over a decade,” added Tom Lesch, Partner at Livingstone.

“We continue to be impressed with the KFI enterprise and its evolution. David’s innovation has led to the expansion of his product lines beyond auto and into other growth sectors. We are excited to partner David with relationship banks who share his vision for the business,” commented Joe Greenwood, Partner at Livingstone.

This marks Livingstone’s seventh transaction in the U.S. so far this year, including Rescar, AllTranstek, Spine & Sport Physical Therapy, Avante Health Solutions, Honey-Can-Do International, and Bargain Hunt.


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  • VI BIDRAR MED djupgående sektorexpertis

    Tack vare globala specialistteam inom varje sektor kan vi leverera strategisk rådgivning och tillgång till de mest attraktiva intressenterna i varje bransch.
  • VI BIDRAR MED djupgående sektorexpertis

    Tack vare globala specialistteam inom varje sektor kan vi leverera strategisk rådgivning och tillgång till de mest attraktiva intressenterna i varje bransch.
  • “Our relationship with Livingstone goes back over 11 years. Livingstone’s in-depth knowledge of our business allowed us to quickly survey the market and find the right financing partner for our business. We are a family business, and relationships matter a lot to us. We are thrilled to have trusted financial partners at BancFirst and Mabrey Bank to help us with our next chapter of growth”
    David Kruger, Affärsområdeschef, KFI
  • Tom Lesch
    Tom Lesch

    Partner Chicago

    “David has built a tremendous business over the past decade. A large part of that success comes from KFI’s loyalty and longstanding relationships. It was therefore pretty natural that David’s business would return to trusted Oklahoma-based banks that have a relationship with the Kruger family going back over a decade.”
  • Joseph Greenwood
    Joseph Greenwood

    Partner Chicago

    “We continue to be impressed with the KFI enterprise and its evolution. David’s innovation has led to the expansion of his product lines beyond auto and into other growth sectors. We are excited to partner David with relationship banks who share his vision for the business.”

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