Churchill backs Court Square’s investment in GoEngineer

Churchill Asset Management has provided a credit facility to back Court Square’s investment in GoEngineer. No financial terms were disclosed. Churchill was sole lead arranger and administrative agent on the financing. Based in Salt Lake City, GoEngineer is a reseller of 3D design and additive manufacturing systems integration solutions.

PRESS RELEASE

New York, NY, January 21, 2022 – Churchill Asset Management (“Churchill”) today announced that it served as Sole Lead Arranger and Administrative Agent for a credit facility in support of Court Square’s investment in GoEngineer (the “Company”).

Founded in 1995 and headquartered in Salt Lake City, UT, GoEngineer is a leading reseller of 3D design and additive manufacturing systems integration solutions in the U.S. The Company has consistently been recognized as “Partner of the Year” by SOLIDWORKS and Stratasys, the #1 players in CAD design software and 3D printing, respectively.

“GoEngineer’s dominant position as a preferred partner in the growing CAD industry puts the Company in a prime position to benefit from growth in advanced manufacturing,” said Randy Schwimmer, Senior Managing Director and Co-Head of Senior Lending at Churchill. “We are excited to once again partner with Court Square as they continue to drive growth and market leadership alongside GoEngineer’s experienced and proven management team.”

The financing of GoEngineer marks the 13th transaction which Churchill’s senior lending team has completed in support of Court Square, a New York, NY-based private equity firm focused on middle-market companies.

“Our strong relationship with the Churchill team and their ability to move swiftly to provide a flexible and sizeable financing solution was instrumental in our success during this transaction,” said Matthew Dennett, Principal at Court Square. “We look forward to working with Churchill over the course of our partnership with GoEngineer.”

About Churchill Asset Management LLC
Churchill, an investment-specialist affiliate of Nuveen (the asset manager of TIAA), provides customized financing solutions to middle market private equity firms and their portfolio companies across the capital structure. With $33 billion of committed capital, we provide first lien, unitranche, second lien and mezzanine debt, in addition to equity co-investments and private equity fund commitments. Churchill has a long history of disciplined investing across multiple economic cycles and our unique origination strategy, best in class execution and investment are driven by more than 100 professionals in New York, Charlotte and Chicago. More information can be found at www.churchillam.com.