Golub Capital Provides One-Loan Debt Facility to Support the Acquisition of CRH Healthcare by Freeman Spogli & Co.
CHICAGO, Dec. 19, 2018 /PRNewswire/ — Golub Capital recently announced that, as Administrative Agent, Sole Lead Arranger and Sole Bookrunner, it provided a GOLD facility to support the acquisition of CRH Healthcare (“CRH” or “the Company”) by Freeman Spogli & Co. (“Freeman Spogli”), in partnership with CRH management. GOLD financings are Golub Capital One-Loan Debt facilities.
Headquartered in Atlanta, Georgia, CRH is a patient-focused operator of urgent care centers in Alabama, Florida and Georgia. CRH’s centers are conveniently open seven days a week and provide walk-in care for injury, illness and minor emergencies, as well as family care to keep both parents and children healthy. In addition to a professional and courteous staff, each center has extensive lab capabilities and digital x-rays onsite, allowing patients to be seen for nearly all non-life threatening medical issues without the long wait or high costs of an emergency room visit.
“We proudly support Freeman Spogli and management in connection with the investment in CRH,” said Troy Oder, Managing Director at Golub Capital. “Freeman Spogli has a long track record of partnering with management to expand consumer-oriented, multi-location businesses, and we believe they are uniquely suited to add significant value to the CRH platform.”
“Golub Capital has proven to be a flexible and reliable financing partner to many of our portfolio companies, and we are excited to be partnering with them again in CRH,” said Christian Johnson, Partner at Freeman Spogli & Co. “Throughout our longstanding relationship, Golub Capital has provided us with unique financing solutions, as well as additional support for our companies throughout our ownership.”
About Golub Capital Middle Market Lending
Golub Capital’s Middle Market Lending group provides financing for middle market, private equity-backed transactions with hold positions of up to $600 million and is an arranger of credit facilities up to $1 billion. Golub Capital’s award-winning team specializes in delivering reliable, creative and compelling financing solutions to U.S. middle market companies backed by private equity sponsors.
Golub Capital is a market-leading, award-winning private debt platform with over $25 billion of capital under management. The Middle Market Lending team has particular domain expertise in select industries, including software, technology services, healthcare, consumer and restaurant and retail. The firm’s credit expertise also forms the foundation of its Late Stage Lending business and its Broadly Syndicated Loan investment program. Across its activities, Golub Capital nurtures long-term, win-win partnerships that inspire repeat business from its private equity sponsor clients and investors. Founded in 1994, Golub Capital today has over 350 employees and lending offices in Chicago, New York and San Francisco. For more information, please visit golubcapital.com.
About Freeman Spogli & Co.
Freeman Spogli & Co. is a private equity firm dedicated exclusively to investing in and partnering with management in consumer-related and distribution companies in the United States. Since its founding in 1983, Freeman Spogli has invested over $4 billion in 59 portfolio companies with aggregate transaction value of over $22 billion, and is currently making investments from FS Equity Partners VII, L.P. Freeman Spogli has offices in Los Angeles and New York. For additional information, visit www.freemanspogli.com.
About CRH Healthcare
CRH Healthcare (CRH) was founded in 2012 to build a consumer- and quality-focused urgent care center industry leader through both acquisitions and de novo development. Everything the company does is focused on what it calls “The 5 Cs”—being Convenient, Caring, Courteous, Competent, and Compliant. With operations in Georgia, Florida, and Alabama, CRH is well positioned in the Southeast to help patients Get in. Get out. Get Better!™ CRH was recently named Atlanta’sfastest growing private healthcare company for the second year in a row by the Atlanta Business Chronicle and as the nation’s fastest growing urgent care company according to Inc Magazine’s annual Inc 500 list (#845 overall). CRH Healthcare is a proud member of the Urgent Care Association of America.