Antares has provided a credit facility to back AE Industrial Partners‘ acquisition of Wichita, Kansas-based The Atlas Group, a maker of complex assemblies for commercial, military and business aircraft. No financial terms were disclosed. Antares was the joint lead arranger and administrative agent on the credit facility.
CHICAGO–(BUSINESS WIRE)–Antares announced today that it served as joint lead arranger, and will act as administrative agent, for a senior secured credit facility to support the acquisition of The Atlas Group by AE Industrial Partners (“AEI”).
Atlas, based in Wichita, KS, manufactures flight-critical, complex assemblies on a diverse group of commercial, military and business aircraft. Atlas has developed a unique set of machining, specialty forming and chemical processing capabilities, supported by automation technology and low-cost manufacturing. This vertical integration allows Atlas to deliver a broad range of complex aircraft assemblies, including complete aircraft doors, wing structures and flight control assemblies for a growing list of leading aerospace OEMs.
“Antares worked closely with us to tailor a financing solution to meet our needs,” said Kirk Konert, principal with AEI. “We appreciate working with their team because they bring to bear the speed and certainty of execution you expect from a market leader.”
“We were pleased to support AEI as they invest in The Atlas Group, a company with a strong management team and solid positioning within the aerospace industry,” said Kevin Fitzgerald, senior vice president with Antares. “We expect AEI’s depth of experience and industry knowledge will help to further accelerate the growth of The Atlas Group.”
About AE Industrial Partners
AE Industrial Partners is a private equity firm specializing in control investments in aerospace and defense, power generation, and specialty industrial businesses. AEI invests in market-leading companies that can benefit from its deep operating experience, industry knowledge, and relationships. Learn more at www.aeroequity.com
With more than $21 billion of capital under management and administration as of June 2018, Antares is a private debt credit manager and leading provider of financing solutions for middle-market private equity-backed transactions. In 2017, Antares issued over $21 billion in financing commitments to borrowers through its robust suite of products including first lien revolvers, term loans and delayed draw term loans, 2nd lien term loans, unitranche facilities and equity investments. Antares world-class capital markets experts hold relationships with over 400 banks and institutional investors allowing the firm to structure, distribute and trade syndicated loans on behalf of its customers. Since its founding in 1996, Antares has been recognized by industry organizations as a leading provider of middle market private debt, most recently being named the 2017 Lender of the Year by ACG New York. The company maintains offices in Atlanta, Chicago, Los Angeles, New York, Norwalk, CT and Toronto. Visit Antares at www.antares.com or follow the company on Twitter at www.twitter.com/antarescapital. Antares Capital is a subsidiary of Antares Holdings LP., collectively (“Antares”).