DBi Services has closed $35 million in funding. The investor was BNY Mellon-Alcentra Mezzanine Partners. Based in Hazelton, Penn., DBi Services is a provider of infrastructure maintenance, operations and management solutions.
DBi Services, Inc. headquartered in Hazelton, PA, was founded in 1978. DBi Services provides infrastructure maintenance, operations and management solutions primarily in North America for government agencies, utilities, private industries, railways, retailers and other infrastructure owners. Alcentra led a $35 million offering which provided the Company with growth capital to support its expansion plans and working capital needs.
About BNY Mellon-Alcentra Mezzanine Partners
BNY Mellon- Alcentra Mezzanine Partners provides debt and equity capital to support management buyouts, recapitalizations, acquisition financing and growth capital. We invest in unitranche debt, second lien loans, subordinated debt, preferred equity and common equity. BNY Mellon- Alcentra Mezzanine Partners, based in New York, has invested approximately $550 million of capital since inception and is investing its third junior capital fund. We typically invest between $5 million and $40 million per transaction in companies with EBITDA between $5 million and $50 million. We make investments in transactions led by sponsors, independent sponsors or directly with entrepreneurs and business owners. Industry experience includes: healthcare services, technology, business and outsourced services, light manufacturing, energy services, consumer and defense and government services. For more information, please visit http://mezzanine.alcentra.com.