Peerless Industrial Group
Peerless Industrial Group, Inc. Fund: II Investment Date: May 1997 Exit Date: May 2010 Headquarters: Winona, Minnesota
Peerless Industrial Group, Inc. (“Peerless”), headquartered in Winona, Minnesota, is a leading manufacturer of industrial and hardware chain and traction products. Peerless’ chain is used in an extremely broad range of home, farm, recreational and industrial applications.
Merit provided subordinated debt with common stock to finance the acquisition by management and an outside investor group.