Legacy Corporate Lending Provides $47 Million Asset-Based Credit Facility to Precision Marshall

Legacy Corporate Lending, an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, provided a $47 million asset-based credit facility to Precision Marshall, a manufacturer of premium quality de-carb free tool steel and specialty alloys, located in Washington, PA. Founded in 1948, the company was acquired by Live Ventures Incorporated (LIVE) in 2020.

Legacy put in a credit facility to support working capital and to provide flexibility with growth plans, with a borrowing base supported by accounts receivable, inventory, and machinery & equipment. The transaction closed in late December 2025.

“Precision was looking for a lender that could support our expansion and AI efficiency plans. It was clear that the Legacy team understood our businesses and industries, and we look forward to continuing our growth plans with their support.  This new banking relationship will help us significantly grow our subsidiary, Central Steel Fabricators which supplies the necessary racking and fixtures for Data Centers,” said Tom Sedlak, CEO of Precision Marshall.

Margaret Ceconi, EVP at Legacy, added, “Precision Marshall’s disciplined operations and long-standing market position make them a strong partner. Legacy is pleased to support the company as it continues to execute its growth strategy.”

About Legacy Corporate Lending
Legacy Corporate Lending is an independent asset-based lending company providing revolving lines of credit and term loan commitments up to $50 million in transaction size. Legacy provides direct financing to middle market companies, private and public companies, across a wide spectrum of industries including automotive, business services, consumer products, distribution & wholesale, e-commerce & retail, food & beverage, manufacturing, transportation & logistics. Legacy Corporate Lending is a portfolio company of Bain Capital Specialty Finance, Inc. and Bain Capital Private Credit, which are externally managed by BCSF Advisors LP, an SEC-registered investment advisor. For more information, visit legacycorporatelending.com.