June 25, 2017 3:25 PM ET


Company Overview of Ranor, Inc.

Company Overview

Ranor, Inc. provides clients with precision solutions for their large-scale manufacturing needs. It offers vacuum chambers, pressure vessels, lift equipment, machinery, and processing equipment; and engineering, processing, fabrication, machining, assembly and finishing, NDE and inspections, production control, and quality assurance services. The company serves alternative energy, power generation, cleantech, medical, aerospace, defense, and national lab industries. Ranor, Inc. was formerly known as RBRAN Acquisition, Inc. and changed its name to Ranor, Inc. in August 2002. The company was founded in 1956 and is based in Westminster, Massachusetts. Ranor, Inc. operates as a subsidiary of Tec...

1 Bella Drive

Westminster, MA 01473

United States

Founded in 1956





Key Executives for Ranor, Inc.

Age: 54
Age: 58
Compensation as of Fiscal Year 2016.

Ranor, Inc. Key Developments

Ranor, Inc. Announces Commitment to Schedule No. 002 to the Master Loan and Security Agreement

TechPrecision Corporation and its wholly owned subsidiary Ranor, Inc. became committed to Schedule No. 002 to the Master Loan and Security Agreement, dated March 31, 2016, between People's Capital and Leasing Corp. and Ranor. Pursuant to Schedule 2, the Lender made an additional loan in the amount of $365,852 to Ranor upon the terms and conditions in the Loan Agreement and Schedule 2. Ranor will repay the Loan in monthly installments of principal and interest over 60 months. The Loan is guaranteed by the Company pursuant to the original Corporate Guaranty from the Company in favor of the Lender dated March 31, 2016. The Loan is secured by a security interest in certain machinery and equipment of Ranor as provided in Schedule 2.

TechPrecision Corporation Through Its Wholly Owned Subsidiary Ranor, Inc., Executes and Closed Master Loan and Security Agreement

On April 26, 2016, TechPrecision Corporation, through its wholly owned subsidiary Ranor, Inc., executed and closed a Master Loan and Security Agreement No. 4180, as supplemented by Schedule No. 001 (together, the MLSA), with People's Capital and Leasing Corp. (People's). The MLSA is dated and effective as of March 31, 2016. Loan proceeds were disbursed to Ranor on April 26, 2016. Pursuant to the MLSA, People's agreed to loan $3,011,648 to Ranor. The People's Loan is secured by a first lien on certain machinery and equipment of Ranor (the Equipment Collateral). Payments on the People's Loan will be made in 60 monthly installments of $60,921.07 each, inclusive of interest at a fixed rate of 7.90% per annum. The first monthly installment payment will be due on May 26, 2016. A prepayment penalty will apply during the first four years of the loan term. Ranor's obligations under the MLSA are guaranteed by the company. The company covenants to maintain a debt service coverage ratio (DSCR) of at least 1.5 to 1.0 during the term of the People's Loan. The DSCR will be measured at the end of each fiscal year of the company. The People's Loan may be accelerated upon the occurrence of an 'Event of Default'.

Similar Private Companies By Industry

Company Name Region
+Vantage Corporation United States
101 Imports, Inc. United States
21st Century Energy, Inc. United States
360 Yield Center, LLC United States
3DEO, Inc. United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Ranor, Inc., please visit www.ranor.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.