Alcentra Capital Corp. said Thursday it provided capital to support CM Equity Partners’ buy of Graco Supply and Integrated Services. Financial terms weren’t announced. Fort Worth, Texas-based Graco Suppy is a distributor of chemical products, packaging services, and related supply chain and vendor managed inventory services for the manufacture and maintenance, repair, and overhaul of commercial and military aircraft.
NEW YORK, Oct. 1, 2015 /PRNewswire/ — Alcentra Capital Corporation (NASDAQ Global Select Market: ABDC) (“Alcentra”) announced today that it has provided capital to Graco Supply and Integrated Services (“Graco Supply” or the “Company”) to support the acquisition of the company by CM Equity Partners and its management team. CM Equity Partners (“CMEP”), founded over 20 years ago and based in New York City, is a private equity firm focused primarily on making investments in the aerospace and defense and federal and commercial business services sectors.
Graco Supply, headquartered in Fort Worth, TX, is a leading value-added distributor of chemical products, packaging services, and related supply chain and vendor managed inventory services for the manufacture and maintenance, repair, and overhaul of commercial and military aircraft. For over 50 years, the Company has been a nationally recognized leader in the supply of adhesives, sealants, coatings, lubricants, tapes, and MRO products to the aerospace and industrial markets.
About Alcentra Capital Corporation
Alcentra (www.alcentracapital.com) is an externally-managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. Alcentra’s investment objective is to generate both current income and capital appreciation primarily by making direct investments in lower middle-market companies in the form of subordinated debt and, to a lesser extent, senior debt and minority equity investments. Alcentra’s investment activities are managed by its investment adviser, Alcentra NY, LLC.
About Alcentra NY, LLC
Alcentra NY, LLC is part of BNY Alcentra Group Holdings, Inc. (“Alcentra Group”), one of the world’s leading sub-investment grade credit asset managers focusing on the U.S. and European markets. Alcentra Group has an investment track record that spans across more than 75 separate investment vehicles and accounts totaling approximately $25.8 billion (including accounts managed by Alcentra NY, LLC, Alcentra Ltd, and assets managed by Alcentra Group personnel for affiliates under dual officer arrangements.)
Statements included herein may contain “forward-looking statements,” which relate to future performance or financial condition. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of assumptions, risks and uncertainties, which change over time. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by the Company with the Securities and Exchange Commission. Alcentra undertakes no duty to update any forward-looking statement made herein except as required by law. All forward-looking statements speak only as of the date of this press release.