FrontWell provides C$25m credit facility to Invotek Group’s Mara

Mara is a Markham, Ontario-based maker of electronic boards and assemblies focused in infrastructure, broadband communications and power management systems.

  • Mara is a subsidiary of the Invotek Group, a provider of electronics manufacturing services
  • The facility’s proceeds will be used by the company to refinance its existing debt and provide additional working capital liquidity to support Mara’s growth and expansion into the US
  • FrontWell Capital Partners is a provider of transitionary senior debt financing to mid-market companies

Mara, a Markham, Ontario-based maker of electronic boards and assemblies focused in infrastructure, broadband communications and power management systems, has secured a C$25 million credit facility from FrontWell Capital Partners.

Mara is a subsidiary of the Invotek Group, a provider of electronics manufacturing services.

The facility’s proceeds will be used by the company to refinance its existing debt and provide additional working capital liquidity to support Mara’s growth and expansion into the US. Mara is in the process of launching a new state-of-the-art manufacturing facility in Holly, Michigan.

“We are pleased to partner with Mara to provide a tailored financing solution that will enable the company to capitalize on significant growth opportunities,” said Patrick Dalton, CEO of FrontWell, in a statement. “This transaction is a testament to the strength of the FrontWell brand in a competitive lending environment, and I am proud of our team’s hard work to deliver a creative, cross-border structure that addresses the unique capital needs of a company as innovative and promising as Mara.”

Based in Toronto, FrontWell Capital Partners provides transitionary senior debt financing to mid-market companies in the United States and Canada.