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Diamond Mowers, a manufacturer of industrial mowing and brush cutting equipment, has secured an undisclosed amount of equity and debt funding from Lineage Capital and Abacus Finance. The capital will be used for product development, acquisitions, and expansion of manufacturing capacity.
Southfield Capital acquired American Refrigerator Company (ARC), the largest independent industrial refrigeration service company in New England. Abacus Finance Group provided $20.5 million in senior secured credit facilities to support the buy.