Park View Federal Savings Bank ("Park View"), a Solon, Ohio-based community bank has provided the financing to McNeil Industries, Inc. ("McNeil") to allow the Company to restructure its debt. Terms of the transaction were not disclosed.
EdgePoint Capital initiated the transaction, led the negotiations and acted as exclusive financial advisor to McNeil. EdgePoint, a member of FINRA and SIPC, is a leading investment banking firm focused on advising middle market businesses on merger and acquisition transactions.
McNeil Industries, Inc. founded in 1986, is a manufacturer of bearings, pins, bushings, and guide systems and provider of precision machining services. Located in Painesville, Ohio, McNeil specializes in providing proprietary product lines of industrial products that demonstrate market-leading strength, durability and reliability.
Park View is a community bank offering personal financial services and business banking in Northeastern Ohio. Park View operates 17 branches in Northeastern Ohio including the Company's headquarters in Solon, Ohio.