Stellus backs MML Capital's OnPoint buyout
Summary
Based in Texas, OnPoint provides industrial safety and maintenance support Stellus was formed in conjunction with the spinout of D.E. No financial terms were disclosed.Based in Texas, OnPoint provides industrial safety and maintenance support.On the transaction, Sean Quinn, a managing director at MML, said in a statement, We enjoyed working with Stellus and valued their sector experience and knowledge of the company as an existing lender and investor. Stellus was thoughtful in providing a flexible financing structure that allows for OnPoints continued growth and execution of our investment thesis. We look forward to building a strong relationship with Stellus going forward.Stellus was founded in 2012 and formed in conjunction with the spinout of D.E. Since 2004, the Stellus team has deployed over $8 billion into more than 350 middle market companies.