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