Our new Growth Capital Division supports small businesses. Call 617-330-2000 to connect with a business development team member to determine the best products and services for you.

Back to News

Salem Five Provides Lead Financing for Acquisition of Beverly Airport Service Provider North Atlantic Air

January 30, 2017

FOR IMMEDIATE RELEASE

Contact:
Hilary Allard, The Castle Group for Salem Five, 617-337-9524

Salem Five announced today that the bank served as the lead lender to finance the purchase of KR Diversified, Inc. d/b/a North Atlantic Air, a provider of fixed based operations at Beverly Airport. Salem Five partnered with MassDevelopment to finance the acquisition by Nicholas W. Burlingham and John M. Messenger.

Click here to read the full release