Olsen Engineering, LP (“Olsen”), headquartered in Eldridge, Iowa, is engaged in metal parts and component manufacturing including bar work, tube fabrication, welding and miscellaneous machine work. Olsen manufactures approximately 4,200 distinct part numbers, selling its products to large agricultural and construction original equipment manufacturers throughout the Midwest, such as Deere and Company and Case New Holland.

Merit provided senior subordinated debt with warrants and junior subordinated debt to finance the acquisition by management and an outside investor group.