Stamford, CT, February 2017: TrueNorth Capital Partners LLC (“TrueNorth”) is pleased to announce that its wholly-owned subsidiary, TNCP, LLC, acted as exclusive financial advisor and placement agent to Macton Corporation in connection with the consolidation of its junior debt and procurement of additional growth capital. Terms of the transaction were not disclosed. Funding was provided by a private investment firm primarily focused on making debt and equity investments in lower middle market companies. Following on the refinance of its senior debt last Fall, this transaction was an important step in providing Macton Corporation with the capital structure necessary to support its growth initiatives. Rob Africk, TrueNorth Managing Director and senior banker to Macton, commented “Macton’s offices and manufacturing facilities have remained in Connecticut throughout its entire history, during which time it has developed a reputation for product innovation, lean manufacturing processes and superior customer support to its North American client base.”

About Macton Corporation:
Macton Corporation is a six-decades old privately-held business, located in Oxford, CT, that designs and manufactures large moving structures and equipment for a wide variety of rail transportation, industrial and architectural applications. Products include large rail maintenance, turntable and material handling systems. The Company is owned by Peter McGonagle, its President, who acquired Macton in 2006.

From 140-foot diameter turntables and 75-ton lifts, to 95-ton people movers and 55-ton transporters, Macton Corporation is a leader in the rail shop equipment and commercial turntable markets. Rail shop equipment consists of a wide range of products, which allow rail shop personnel to lift, turn, rotate and otherwise move rail vehicles and truck assemblies for inspection and maintenance purposes. Turntables are used in a wide variety of applications including revolving restaurants, security systems, marine cable laying and truck maneuvering.

Any further inquiries can be directed to TrueNorth at the contact information provided below:

Rob Africk, Managing Director
Direct Dial Phone Number (203) 817.0280
E-mail address:

Jeffrey Gaynor, Managing Director
Direct Dial Phone Number (203) 817.0277
E-mail address:

About TrueNorth Capital Partners LLC:
TrueNorth provides advisory services to companies seeking advice for middle-market M&A and financing transactions. Our focus on the middle-market enables us to provide independent, value-added advisory services to privately held middle-market companies, private equity and family office groups and corporate clients, both domestic and international, across a broad range of industries. TrueNorth conducts its securities related business through its wholly-owned subsidiary, TNCP, LLC, member FINRA/SIPC.