Golub Capital Provides $36.0M Gold Facility to Support Chicago Growth Partners' Recapitalization of Benetech, Inc.
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
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SOURCE: Golub Capital
CONTACT: Stefano Robertson, Principal of Golub Capital, +1-312-201-8152,