Category: Press Release
NEW YORK, Sept. 26, 2007 /PRNewswire/ — Golub Capital, a leading provider of one-loan debt financings for middle market leveraged buyouts and refinancings, announced today that Sean Coleman and Stefano Robertson have both been promoted to Principals.
Sean Coleman, who is located in Golub Capital’s New York office, originates, analyzes and supervises investments for the firm. Mr. Coleman first joined Golub Capital as a Vice President. Prior to that Mr. Coleman co- founded Commonwealth Principals LLC, a merchant bank focused on acquiring and founding professional services firms.
“Being part of such a dynamic team is really exciting. I look forward to many more years of working at Golub Capital,” said Mr. Coleman.
Stefano Robertson is based in the firm’s Chicago office. Mr. Robertson will continue to originate, underwrite, execute and monitor investments for the firm. Prior to joining Golub Capital, Mr. Robertson spent eight years with Antares Capital Corporation.
“Golub Capital has provided me with invaluable experiences, and I am very pleased to be a part of such a well regarded firm,” said Mr. Robertson.
Golub Capital has always been committed to building a strong, successful team to support middle market private equity firms with their financing needs. More than 75% of the firm’s Managing Directors have been promoted from within, demonstrating Golub Capital’s dedication to its employees and their growth.
“Congratulations to both Stefano and Sean. They have done a great job and earned this promotion. At Golub Capital we pride ourselves on creating opportunities for internal advancement. I am happy that Golub Capital has enjoyed such a high level of retention. It’s beneficial to the firm as well as to our clients,” said Lawrence Golub, President of Golub Capital.
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.
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SOURCE: Golub Capital
NEW YORK, July 16, 2007 /PRNewswire/ — Golub Capital today announced that it has provided PECO Pallet, Inc. with a $40 million GOLD debt financing, which was used to refinance existing debt and provide a capital expenditure line to support the Company’s rapid growth. GOLD financings are proprietary Golub Capital One-Loan Debt facilities.
PECO Pallet is the second largest provider of pallet rental and management services to the grocery and consumer goods industries in the United States. The Company has a blue chip customer base that includes Georgia Pacific, Kimberly-Clark, Nestle Purina and Cott Beverage, in addition to strong relationships with many of the top grocery chains in the United States.
“Right from our first meeting we were extremely impressed by PECO’s value proposition, customer relationships and its day-to-day execution,” says Andy Steuerman, a Managing Director with Golub Capital. “We are pleased to support PECO’s management team as they continue their targeted expansion to enhance the Company’s market position”
David Lee, CEO of PECO Pallet, said: “Golub Capital’s financing constitutes a major step forward for PECO. We formed a strong partnership with the Golub team during the course of completing this deal. We are now well positioned to enhance our value proposition further and continue to grow our business throughout North America.”
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, July 12, 2007 /PRNewswire/ — Golub Capital today announced that it has provided $26.6 million of subordinated debt and $4.0 million of equity in connection with the acquisition of API Heat Transfer Holding Company (“API”) by Industrial Growth Partners. GE Capital provided the senior debt on the deal.
Headquartered in Buffalo, N.Y., API is one of the largest full service designers and manufacturers of industrial heat exchangers in North America. The company operates four manufacturing facilities located in the U.S., Germany and China. Additionally, the company employs over 800 people who provide sales, engineering and manufacturing expertise to support the company’s well-known heat exchanger brands including Basco, Whitlock, Schmidt and Airtech.
This is Golub Capital’s fifth deal with Industrial Growth Partners. “We are excited to have the opportunity to partner with Industrial Growth Partners again, especially because API is such a great company,” said Jim Higgins, a principal in Golub Capital’s San Francisco office. “API is a market leader within the heat transfer industry. We are excited to be a part of the company’s growth for years to come.”
Founded in 1997, Industrial Growth Partners provides equity capital to privately held manufacturing companies that have revenues of between $30 million and $150 million and a history of profitability. The firm’s most recent fund, Industrial Growth Partners III, L.P., is a $400 million fund, which brings the firm’s capital under management to $825 million.
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 http://www.golubcapital.com/.
If you need more information regarding this transaction, please contact Lawrence Golub, President, at 212-660-7272 or [email protected].
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SOURCE: Golub Capital
NEW YORK, July 3, 2007 /PRNewswire/ — Golub Capital today announced that it has provided Linx Partners with a $61 million GOLD debt financing in connection with its investment in McBride Electric, Inc. GOLD financings are proprietary Golub Capital One-Loan Debt facilities. Golub Capital structured and led the $61 million GOLD facility and provided an equity co-investment.
Headquartered in San Diego, Calif., McBride Electric is a nationally recognized leading provider of mission critical electrical and data services through its 14 company-owned branch offices and its national sales, installation and project management arm, McBride M-Power Nationwide. McBride represents one of the largest electrical and data service providers in the United States. Additionally, the Company has provided services to more than 40 Fortune 100 companies.
This is Golub Capital’s first deal with Linx Partners. “We are very excited to finance such a strong transaction and to be partnered with Linx Partners. McBride Electric is an excellent company with a lot of growth potential,” says Joe Longosz, a Managing Director with Golub Capital. “This is a great start to a long-term relationship with Linx Partners.”
Linx Partners has offices in Atlanta and New York and focuses on light industrial manufacturers, industrial services and specialty distribution companies with annual revenues between approximately $20 million and $200 million.
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.
If you need more information regarding this transaction, please contact Lawrence Golub, President, at 212-660-7272 or [email protected].
SOURCE: Golub Capital
NEW YORK, June 29, 2007 /PRNewswire/ — Golub Capital today announced that it has provided Chicago Growth Partners with a $10.10 million senior subordinated debt facility and a $3.15 million senior holding company note in support of the firm’s acquisition of Jonathan Engineered Solutions (JES).
Headquartered in Irvine, Ca., with offices in Mexico, Shanghai and Taiwan, JES is a leading provider of engineered solutions for mechanical engineering applications in three sectors: data storage technology, military and defense, and industrial and commercial. JES’ core line of products is mechanical sub- assemblies and integrated kits that commonly consist of ball-bearing slides, bracketry, trays, engineered sheet metal and sheet metal assemblies. Typical field applications for JES’ product solutions include rack-mounted computer servers, data storage units, ruggedized rack-mounted electronic devices in military systems, mechanical applications in military systems, telecommunications apparatus, airborne transportation systems and a myriad of other industrial applications.
The Company’s engineering expertise, short-run manufacturing flexibility and responsive turnaround times are distinct advantages and provide JES with opportunities to consolidate various peripheral components in delivering a turnkey product solution to customers in the form of a fully-integrated kit or mechanical subassembly.
“JES’ management team has developed a very compelling business model with deeply entrenched customer relationships through high levels of customization in a low-volume, short-run manufacturing environment,” says Stefano Robertson, a Senior Vice President with Golub Capital. “We are pleased to support JES and Chicago Growth Partners as they continue to grow their business and expand their value-proposition with both existing and new customers.”
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.
About Chicago Growth Partners
Chicago Growth Partners is a Chicago-based private equity investment firm focused on investing in lower middle market companies in the business and consumer services, industrial growth and healthcare markets. CGP distinguishes itself through its experienced team – including in-house marketing, information technology and operations expertise; its approach to the development and execution of strategies designed to build success; its focus on growth as the primary driver of returns and its commitment to partnering with portfolio companies that demonstrate strong management capability and opportunity. CGP moves beyond the delivery of growth capital by lending significant industry experience, knowledge and leadership to each business situation. CGP currently manages $1.2 billion of committed capital while investing Chicago Growth Partners, L.P.
SOURCE: Golub Capital
NEW YORK, March 22, 2007 /PRNewswire/ — Golub Capital today announced that it has provided $30 million of revolver and senior term debt for the recapitalization of Octane Fitness LLC. The recap provided refinancing of existing debt and a shareholder dividend for North Castle Partners and its co- investors.
As the only fitness manufacturer in the world dedicated exclusively to elliptical machines, Octane Fitness quickly has become an established leader in this highly competitive industry. Founded in 2001, Octane Fitness elliptical machines can be found in high-end gyms such as Equinox, Planet Fitness and Gold’s Gym. In addition, professional sports teams such as the Arizona Diamondbacks, Chicago Bears and the San Francisco 49ers use Octane ellipticals in their team gyms. Additionally, Octane has won numerous awards for its products, including the prestigious “Best of Fitness” award from Health magazine in the category of elliptical trainers over $1,500.
“Octane Fitness has a real history of consistent growth and an outstanding management team. The Company is known for its unprecedented innovations, which are designed for the perfect elliptical exercise and better workouts,” says Andy Steuerman, a Managing Director with Golub Capital. “We are also very excited to be able to support North Castle with this acquisition. The firm is a top notch partner.”
While this is Golub Capital’s first sports equipment investment, the firm has made several investments in health clubs such as Crunch and Extreme Fitness.
About Golub Capital
Golub Capital is an active provider of one-loan financings (through the firm’s proprietary GOLD facility), senior debt, second lien and subordinated 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 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
CONTACT: Andy Steuerman, Managing Director, +1-212-660-7280,
[email protected]
NEW YORK, March 1, 2007 /PRNewswire/ — Golub Capital today announced that it has provided $22.5 million of subordinated debt and co-investment equity financing to Graham Partners in connection with the acquisitions of Atlas Aerospace, LLC and Vitron Manufacturing, Inc. Post acquisition, the two companies were merged and the new company is now called Aerostructures Acquisition LLC.
Headquartered in Wichita, Kan., and Phoenix, AZ respectively, Atlas and Vitron are leading manufacturers of high precision machine parts, assemblies and spares to original equipment manufacturers (“OEMs”). The Companies’ products are sold to the commercial, regional and business jet markets, and the defense and industrial markets.
This is Golub Capital’s 10th financing of an aerospace/defense company in the past 3 years.
“Our deep knowledge of the aerospace sector, creative structuring and ability to provide a commitment on a short timetable helped us to win this mandate. It’s also a pleasure to be working with Graham Partners again,” says Greg Cashman, a Managing Director with Golub Capital. “This deal should prove to be an excellent investment for Graham Partners and we look forward to supporting this deal in the future.”
Golub Capital structured and led the $31 million subordinated debt facility and provided an equity co-investment. Golub Capital was able to provide a “no-outs” financing commitment for the entire subordinated facility in a week, allowing Graham to sign a purchase agreement and win the transaction.
About Golub Capital
Golub Capital is an active provider of GOLD (Golub Capital’s One-Loan Debt) facilities, 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 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 http://www.golubcapital.com/.
SOURCE: Golub Capital
NEW YORK, Jan. 22, 2007 /PRNewswire/ — Golub Capital announced today that it has provided the GF Capital Private Equity Fund, L.P. with a $55 million GOLD facility (Golub Capital’s One-Loan Debt facility) to close its investment in Trade Service Company, LLC (TSC), a leading database provider of robust product and pricing solutions to 18,000 subscribers, primarily in the electrical, plumbing/HVAC, automotive and office product markets. Based in San Diego, TSC’s services encompass all aspects of content acquisition, aggregation, management, enrichment, validation, publishing and distribution. The Company’s customers use this mission critical data extensively to power all aspects of their business, including procurement, pricing, invoicing, customer contracts, inventory control, and bid estimation. TSC’s products and services are the critical component to enabling communication, and thus commerce, between manufacturers and their distributor/contractor customer base.
Using its GOLD product, Golub Capital provided the entire loan to support GF Capital’s investment. Erik Baker, a Managing Director of GF Capital, said: “We decided to partner with Golub Capital on this transaction because of their flexibility in structuring a credit facility that met the Company’s needs as well as their ability to support our growth initiatives. Golub Capital was easy to work with through the closing of the transaction and we look forward to a long partnership with the firm.” Golub Capital will fund and hold the entire facility. Golub Capital used capital from its new $1 billion fifth fund, Golub Capital V, L.P. to finance part of the deal. Additionally, Golub Capital is making an equity co-investment in this transaction.
Charlie Riceman, a Managing Director with Golub Capital, added “Trade Service represents an excellent growth capital investment for GF Capital. We are excited to kick-off a new relationship with GF Capital and look forward to supporting them in their future growth initiatives.”
About GF Capital
GF Capital Private Equity Fund, L.P. is sponsored by GF Capital Management & Advisors, LLC. The Fund is focused on growth capital, buyout and recapitalization investments in the media and entertainment, branded consumer products, and software for media and communications industries. GF Capital is a New York-based merchant banking firm that focuses primarily on principal investments in operating companies and real estate. GF Capital’s clients include institutions, leading entrepreneurs and executives, as well as the businesses which they manage. GF Capital also offers comprehensive wealth management services through its subsidiary, TAG Associates LLC, a leading multi-client family office and portfolio management services company with approximately $5.0 billion of assets under management.
About Golub Capital
Golub Capital is an active provider of GOLD facilities (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 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.
SOURCE: Golub Capital