Leonid Capital Partners Powers Private Credit Financing for the Acquisition of 55 Industries

Private credit firm, Leonid Capital Partners, has provided $7 million in financing to support private equity firm Teedup’s acquisition of 55 Industries.

Leonid works with businesses that work across the government ecosystem. The company provides financial services, including loans, venture debt, lines of credit, and acquisition financing, customized to meet the distinct requirements of businesses with government contracts, SBIRs, and grants.

Teedup is a private equity firm that aims to create financial vehicles of impact. Its mission is to help partners, founders, employees and communities.

“55 Industries serves as a conduit for defense and commercial customers on different platforms and programs. The company manufactures, sources, supplies material and provides repair services while specializing in aging and legacy platforms.”
-55 Industries

Read the full press release here