Category: Press Release

NEW YORK, Sept. 2, 2008 /PRNewswire/ — Golub Capital today announced that it has provided Sentinel Capital Partners with a senior credit facility to support the acquisition of Mobile Dentists, Inc., by ReachOut Healthcare America, a current portfolio company of Sentinel Capital Partners.

The combination of Mobile Dentists and ReachOut creates the nation’s leader in mobile dental services, providing an array of diagnostic, preventive, restorative, prosthodontic, and periodontal dental services primarily to underserved children in schools and foster programs. Operating in 21 states, ReachOut and Mobile Dentists provided dental care to more than 250,000 low-income children in the past year.

This is Golub Capital’s second lead agent deal with Sentinel Capital Partners. “We are happy to have the opportunity to partner with Sentinel again, especially because of their expertise in the dental practice management sector,” said Andrew Steuerman, a Senior Managing Director with Golub Capital. “The combined entity is both an attractive credit and an investment with positive social benefits. We are excited to be a part of the company’s growth for years to come.”

“Once again Golub Capital has come through with an attractive financing package in a timely fashion,” said Paul Murphy, a Partner with Sentinel Capital Partners. “We are delighted to have them as a partner once again.”

Sentinel Capital Partners specializes in buying and building smaller middle-market companies in the United States and Canada in partnership with management. Sentinel targets consumer products, food and restaurants, franchising, niche manufacturing, and service businesses. Sentinel invests in management buyouts, recapitalizations, corporate divestitures, and going-private transactions of established businesses with operating profit of between $5 million and $25 million.

About Golub Capital:

Golub Capital underwrites 1st lien loans up to $150 million. The firm offers buy-and-hold products ranging from $5 million to $75 million and include one-loan financings (through the Firm’s proprietary GOLD facility), senior, 2nd lien and subordinated debt, preferred stock and co-investment equity. Golub Capital is committed to being a value-added and user-friendly partner to owners, senior management and transaction sponsors. With a broad investment mandate and long-term time horizon, the firm has a high level of flexibility in structuring investments. Golub Capital is a national firm with offices in Atlanta, Chicago, New York and San Francisco. For more information, please visit www.golubcapital.com.

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SOURCE: Golub Capital

NEW YORK, June 3, 2008 /PRNewswire/ — Golub Capital today announced that it has provided The Riverside Company with a GOLD facility and an equity co-investment in support of the firm’s acquisition of ITEL Laboratories, Inc. ITEL (Independent Testing and Evaluation Laboratory) is the largest independent tester for determining the fair-market replacement value of damaged products and is used by insurance carriers, claims adjusters, contractors, and property owners. GOLD financings are proprietary Golub Capital One-Loan Debt facilities.

In 1993, ITEL created the market for independent laboratory testing to determine the replacement value of damaged carpet for insurance carriers and their insured homeowners. Since that time, the company has expanded into testing other products such as vinyl, laminate and wood flooring, with plans to further expand into additional testing services. The majority of ITEL’s business is derived from standard property insurance claims, such as damaged water pipes, weather conditions or household fires.

This is Golub Capital’s first deal with The Riverside Company. “We are pleased to be working with The Riverside Company. They are a top notch firm,” said Golub Capital Principal Sean Coleman.

“ITEL is really a unique company with lots of growth potential. It’s a real high quality company and we look forward to supporting it,” said Golub Capital Principal Tom Turmell.

“Even in this difficult credit environment, Golub Capital proved to be a strong supporter of our goals. We are pleased to have them as a partner on this transaction,” says The Riverside Company Principal Chip Walker.

About Golub Capital

Golub Capital is an active provider of GOLD (Golub Capital’s One-Loan Debt Facility), senior and subordinated debt, second lien debt, preferred stock, and co-investment equity to middle market companies. The firm is committed to being a value-added and user-friendly partner to owners, senior management and transaction sponsors. With a broad investment mandate and long-term time horizon, Golub Capital has a high level of flexibility in structuring investments. Typical investments ranging from $5 million to $75 million, with additional capital available for future growth. Golub Capital is a national firm with offices in Atlanta, Chicago, New York and San Francisco. For more information, please visit www.golubcapital.com.

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SOURCE: Golub Capital

NEW YORK, April 7, 2008 /PRNewswire/ — Golub Capital today announced that it has provided $13.3 million of subordinated debt and co-investment equity in support of Graham Partners’ acquisition of B&B Electronics Manufacturing Company. Headquartered in Ottawa, IL, B&B is an engineering and manufacturing company, which produces devices to network machines in rigorous industrial and commercial environments. The Company’s principal end customers are middle market manufacturers and utilities with industrial equipment that has not yet been networked or is operating on disparate technology, a market comprised of millions of machines.

B&B’s networking products are designed specifically for rugged industrial environments, and allow multiple technology interfaces (Ethernet, USB, wireless, serial, etc.) to operate within a network. According to a market research firm engaged by Graham Partners in connection with the acquisition, B&B’s addressable market within the industrial networking sector totals approximately $600 million, with the major product niches B&B serves projected to grow at compound annual rates over 20%.

“We are pleased to be partnering with Graham Partners on the B&B opportunity given their expertise and experience in middle market manufacturing,” said Golub Capital Managing Director Greg Cashman. “The growth potential in this market is large and with Graham as a partner, B&B has the opportunity to leverage its established brand and unique distribution model to achieve excellent returns.”

This is Golub Capital’s fifth investment in a Graham Partners portfolio company.

“We are pleased to partner again with Golub Capital for financing on this transaction. They showed great reliability in this uncertain financing environment,” says Josh Wilson, a Principal at Graham Partners.

Madison Capital Funding LLC led the senior debt financing while Lazard Middle Market acted as B&B’s financial advisor.

About Golub Capital

Golub Capital is an active provider of GOLD (Golub Capital’s One-Loan Debt Facility), senior and subordinated debt, second lien debt, preferred stock, and co-investment equity to middle market companies. Typical investments ranging from $5 million to $75 million, with additional capital available for future growth. Golub Capital is a national firm with offices in Atlanta, Chicago, New York and San Francisco. For more information, please visit www.golubcapital.com.

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SOURCE: Golub Capital

NEW YORK, March 26, 2008 /PRNewswire/ — Golub Capital today announced that it has provided a $29.5 million one-loan debt financing (through Golub Capital’s proprietary GOLD facility) in support of the recapitalization of ExtruMed, a market leader providing precision tubing solutions to the medical industry. Founded in 1990, and based in Placentia, Calif., ExtruMed’s products are used in medical devices and technology serving various therapy areas including cardiology, vascular therapies, endosurgery, neurology, Ob/Gyn and urology. GOLD financings are proprietary Golub Capital One-Loan Debt facilities.

ExtruMed has been owned by Inverness Graham Investments and Wedbush Capital Partners since September 2005. The debt provided by Golub Capital will be used to refinance the company’s existing debt and provide a cash dividend to the sponsors.

“We are very excited to have closed our first transaction with two private equity sponsors of the caliber of Inverness Graham and Wedbush Capital. We are pleased that we were able to provide them with the appropriate solution for their financing needs,” said Golub Capital Managing Director Charlie Riceman. “ExtruMed is a true leader in its field. We have been extremely impressed with the deep knowledge and experience of the ExtruMed management team and are excited to watch ExtruMed continue to build out its capabilities and grow.”

“We are pleased to close our first transaction with Golub Capital. The flexibility in structure and spirit of partnership demonstrated by Golub has contributed to a very efficient process. We are pleased to have them as partners in ExtruMed and look forward to future transactions together.” says Scott Kehoe, a Managing Principal at Inverness Graham Investments.

Golub Capital lends to broad range of U.S.-based mid-market companies and initially invests between $5 million and $75 million with additional capital available for growth.

About Golub Capital

Golub Capital is an active provider of GOLD (Golub Capital’s One-Loan Debt Facility), senior and subordinated debt, second lien debt, preferred stock, and co-investment equity to middle market companies. The firm is committed to being a value-added and user-friendly partner to owners, senior management and transaction sponsors. With a broad investment mandate and long-term time horizon, Golub Capital has a high level of flexibility in structuring investments. For more information, please visit www.golubcapital.com.

SOURCE: Golub Capital

NEW YORK, March 7, 2008 /PRNewswire/ — Golub Capital today announced that it has provided $11.9 million of subordinated debt and co-investment equity in support of KRG Capital Partners’ acquisition of Tronair, a Holland, Ohio-based leading manufacturer of ground service equipment primarily serving the business, regional and commercial aircraft markets.

Owned by private investment firm River Capital prior to KRG Capital’s purchase, Tronair saw eight years of solid growth. Today the company designs, manufactures and distributes over 1,000 different products to the aircraft industry including jacks, hydraulic service units, engine stands, prop stands, potable water carts, and nitrogen and oxygen service carts. Additionally, Tronair recently opened repair facilities in Europe and Asia.

“This is our second deal with KRG Capital in this quarter alone. We are pleased to be working with them on this deal and in general. They are a solid partner,” said Golub Capital Managing Director Joseph Longosz. “Tronair is a great company with lots of growth opportunities. We look forward to supporting it in the future.”

“Even in this difficult credit environment, Golub Capital has continued to be a strong supporter of KRG. We are pleased to have them as a partner on this transaction,” says Steve Neumann at KRG Capital.

Golub Capital lends to broad range of U.S.-based mid-market companies and initially invests between $5 million and $75 million with additional capital available for growth.

About Golub Capital

Golub Capital is an active provider of GOLD (Golub Capital’s One-Loan Debt Facility), senior and subordinated debt, second lien debt, preferred stock, and co-investment equity to middle market companies. The firm is committed to being a value-added and user-friendly partner to owners, senior management and transaction sponsors. With a broad investment mandate and long-term time horizon, Golub Capital has a high level of flexibility in structuring investments. Typical investments ranging from $5 million to $75 million, with additional capital available for future growth. Golub Capital is a national firm with offices in Atlanta, Chicago, New York and San Francisco. For more information, please visit www.golubcapital.com.

About KRG:

Founded in 1996, KRG is a Denver-based private equity firm with over $4 billion of cumulative capital either deployed or available for future investment, which includes approximately $682 million deployed since inception on behalf of equity co-investors. More information on KRG is available online at www.krgcapital.com.

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SOURCE: Golub Capital

NEW YORK, March 4, 2008 /PRNewswire/ — Golub Capital today announced that it has provided $23.8 million of senior debt, subordinated debt and co-investment equity in support of KRG Capital Partners’ acquisition of Tri-County Petroleum, Inc. (TCP).

KRG completed its investment in Tri-County Petroleum, a leading specialty distributor of industrial and commercial lubricants, in December 2007. Post acquisition, Golub Capital signed on to provide debt financing. The financing will be used to support the continued organic and acquisitive growth of TCP. Golub Capital, along with KRG, believes that the markets in which TCP operates will continue to consolidate and present opportunities for TCP to be the partner of choice for other lubricant distributors looking to participate in the development of a multi-regional platform with the highest standards of customer service.

“We are pleased to partner with KRG Capital. KRG made a great investment to support TCP’s strategy and we are glad to have provided the financing. TCP has strong growth potential and Golub Capital is looking forward to watching the company flourish. We have invested in several KRG deals, and we are excited to help KRG portfolio companies execute on their strategies,” said Golub Capital Managing Director Joseph Longosz.

“Golub Capital has proven to be a great partner on other KRG platforms,” says Damon Judd at KRG Capital. “We are pleased to have them as a partner on this deal as we work together with management to grow the business.”

Golub Capital lends to a broad range of U.S.-based mid-market companies and initially invests between $5 million and $75 million with additional capital available for growth.

About Golub Capital

Golub Capital is an active provider of GOLD (Golub Capital’s One-Loan Debt Facility), senior and subordinated debt, second lien debt, preferred stock, and co-investment equity to middle market companies. The firm is committed to being a value-added and user-friendly partner to owners, senior management and transaction sponsors. With a broad investment mandate and long-term time horizon, Golub Capital has a high level of flexibility in structuring investments. Golub Capital is a national firm with offices in Atlanta, Chicago, New York and San Francisco. For more information, please visit www.golubcapital.com.

SOURCE: Golub Capital

NEW YORK, Jan. 29, 2008 /PRNewswire/ — Today, Golub Capital announced that it provided a $27.5 million senior credit facility in connection with the acquisition of Missouri Metals, LLC by Metal Spinners, Inc., a portfolio company of Reliant Equity Investors.

Headquartered in St. Louis, MO, Missouri Metals is a manufacturer of close tolerance, specialty metal components for use primarily in the aerospace and defense, and power generation industries. With approximately 40 employees, the company has a presence in the United States, Canada and Europe.

Metal Spinners is the largest independent domestic metalworking, manufacturing and service company specializing in metal spinning, hydro forming, deep drawing and other niche metal forming alternatives for use in a number of end markets including air handling, industrial/commercial and agriculture.

Post-transaction, the two businesses will form a diverse metalworking company specializing in metal spinning, drop hammer forming, hot forming and stretch forming, with manufacturing facilities in Rock Falls, IL; Angola, IN; St. Louis, MO; Jasper, GA; and Saginaw, TX.

“With the acquisition of Missouri Metals, Metal Spinners is well- positioned for strong growth. We are pleased to support Metal Spinners as they expand their value-proposition with both existing and new customers,” said Thomas Turmell, a principal with Golub Capital.

“We appreciate the approach that Golub Capital took in working through this opportunity with us,” commented Omar Simmons, a Managing Director with Reliant Equity. “They really differentiated themselves by being constructive and accommodating at difficult and critical points in this transaction. Golub’s flexibility, relationship orientation and commitment to this deal helped us to facilitate a successful transaction process.”

About Golub Capital

Golub Capital is an active provider of one-loan debt financings (through the Firm’s proprietary GOLD facility), and offers innovative combinations of senior debt, subordinated and second lien debt, preferred stock and co-investment equity capital. The firm is committed to being a value-added and user-friendly partner to owners, senior management and transaction sponsors. With a broad investment mandate and long-term time horizon, Golub Capital has a high level of flexibility in structuring investments. For more information, please visit www.golubcapital.com.

If you need more information regarding this transaction, please contact Thomas Turmell, Principal, at 312-201-9141 or [email protected].

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SOURCE: Golub Capital

NEW YORK, Jan 8, 2008 /PRNewswire/ — Golub Capital announced today that it has provided a $36.0 million GOLD debt financing to support Chicago Growth Partners’ recapitalization of Benetech, a leading national provider of dust management and safety solutions primarily used by the coal-fired utility industry. GOLD debt financings are proprietary Golub Capital One-Loan Debt facilities. Golub Capital also co-invested in the equity of Benetech.

Founded in 1983, and based outside of Chicago in Montgomery, IL., Benetech commands a leading national market position in providing comprehensive programs to optimize coal-fired asset efficiency and minimize the risks inherent with coal handling and transport. Benetech’s engineered solutions are critical to the efficient, reliable, and safe operations of coal-fired power generation plants, mines, refineries, steel mills and transloading facilities. Benetech is committed to helping its customers increase efficiency, reduce O&M costs, minimize risk and maintain environmental compliance.

“Golub Capital is excited to be supporting Benetech during this time of growth for the company,” says Stefano Robertson, a Principal with Golub Capital. “We are also pleased to be working with Chicago Growth Partners again.”

Jeff Farrero of Chicago Growth Partners said, “Golub responded very quickly and proved themselves to again be a flexible, business-minded partner. We were very pleased with them throughout the process and look forward to working with them again.” In July 2007, Golub Capital supported Chicago Growth Partners’ recapitalization of Jonathan Engineered Solutions, a provider of engineered solutions for mechanical engineering applications in data storage technology, military and defense, and industrial and commercial.

About Chicago Growth Partners

CGP is a Chicago-based private equity investment firm focused on investing in lower middle market growth companies in the business and consumer services, industrial growth and healthcare markets.

About Golub Capital

Golub Capital is an active provider of one-loan debt financings (through the Firm’s proprietary GOLD facility), and we offer innovative combinations of senior debt, subordinated and second lien debt, preferred stock and co- investment equity capital. The firm is committed to being a value-added and user-friendly partner to owners, senior management and transaction sponsors. Golub Capital is a national firm with offices in Atlanta, Chicago, New York and San Francisco. For more information, please visit www.golubcapital.com.

For more information, please contact Stefano Robertson, Principal, at 312-201-8152 or [email protected].

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SOURCE: Golub Capital

NEW YORK, Dec. 19, 2007 /PRNewswire/ — Lawrence Golub, President of Golub Capital, was nominated by Governor Eliot Spitzer and has been confirmed by the New York State Senate as one of three private members of the New York State Financial Control Board, effective immediately.

The New York State Financial Control Board (the “Control Board”) was created by the State legislature in September 1975 pursuant to the New York State Financial Emergency Act of The City of New York (the “Act”). The Act gives the Control Board powers and responsibilities of review and oversight with respect to the financial management of the New York City government and certain related public authorities. Among other things the Act requires the City to prepare and submit a “rolling” four-year financial plan to the Control Board prior to the beginning of each City fiscal year and, to modify the plan as necessary from time to time to conform with standards set forth in the Act.

Lawrence Golub is president of Golub Capital, a leading lender to middle market private equity firms and independent companies. Golub Capital manages approximately $3.5 billion of capital.

Joining Lawrence Golub as a new appointee is Jeffrey S. Halis, President of Tyndall Management, a private equity firm. John Levin, President of Levin Capital Strategies, an asset management company, will continue to serve on the Control Board. Other members of the Control Board are Governor Eliot Spitzer, New York State Comptroller Thomas P. DiNapoli, New York City Mayor Michael R. Bloomberg and New York City Comptroller William C. Thompson.

About Golub Capital

Golub Capital is an active provider of one-loan debt financings (through the Firm’s proprietary GOLD facility), and we offer innovative combinations of senior debt, subordinated and second lien debt, preferred stock and co- investment equity capital. The firm is committed to being a value-added and user-friendly partner to owners, senior management and transaction sponsors. With a broad investment mandate and long-term time horizon, Golub Capital has a high level of flexibility in structuring investments. Typical investments range from $5 million to $75 million, with additional capital available for future growth. Golub Capital is a national firm with offices in Atlanta, Chicago, New York and San Francisco. For more information, please visit www.golubcapital.com.

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SOURCE: Golub Capital

NEW YORK, Nov. 6, 2007 /PRNewswire/ — Golub Capital is pleased to announce that it has provided Blue Point Capital Partners and BB&T Capital Partners with a GOLD debt financing and an equity co-investment supporting their purchase of Lion Brewery, Inc. GOLD financings are proprietary Golub Capital One-Loan Debt facilities.

Based in Wilkes-Barre, PA, and founded in 1905, Lion Brewery is a leading manufacturer of a variety of brewed and specialty beverages including malta, specialty soft drinks as well as craft and traditional beers. The company also brews its own line of branded beers.

“With its long operating history and flexible bottling assets, Lion Brewery has a very strong value proposition. Golub Capital is extremely happy to be the lender on this deal,” says Joe Longosz, a Managing Director with Golub Capital. “Additionally, Golub Capital is pleased to be teaming up with Blue Point and BB&TCP. We look forward to continuing to support these equity sponsors with all future financing needs.”

This is Golub Capital’s third deal with Blue Point Capital Partners.

“It is great to work with Golub Capital. It’s reassuring to work with a lender that understands our needs and can execute on our strategy in a prompt manner,” says Juli Marley, a Partner with Blue Point Capital.

Blue Point Capital Partners is one of the largest private equity firms domiciled in the Midwest, Pacific Northwest and Southeast, with a focus on investments in the middle market. The firm has more than $400 million under management.

BB&T Capital Partners, which manages over $400 million in committed capital, makes investments in privately-held middle market companies throughout the United States.

About Golub Capital

Golub Capital is an active provider of one-loan debt financings (through the Firm’s proprietary GOLD facility), and we offer innovative combinations of senior debt, subordinated and second lien debt, preferred stock and co- investment equity capital. The firm is committed to being a value-added and user-friendly partner to owners, senior management and transaction sponsors. With a broad investment mandate and long-term time horizon, Golub Capital has a high level of flexibility in structuring investments. Golub Capital is a national firm with offices in Atlanta, Chicago, New York and San Francisco. For more information, please visit www.golubcapital.com.

SOURCE: Golub Capital