Churchill Asset Management has provided a senior credit facility to back Quad C‘s buyout of Colorado-based Boulder Scientific Company, a specialty chemical firm. No financial terms were disclosed. Churchill was the joint lead arranger on the financing.
New York, NY, August 5, 2019 – Churchill Asset Management (“Churchill”) today announced that it served as Joint Lead Arranger for a senior secured credit facility to support the acquisition of Boulder Scientific Company by Quad-C Management, Inc. (“Quad-C”).
Boulder Scientific Company is a Colorado-based provider of organometallic compounds and specialty chemicals used in a range of applications. The company primarily focuses on the commercial-scale production of metallocene catalysts.
“As a pioneer in a highly specialized industry, Boulder Scientific has grown to become one of the most advanced organometallic compound producers in the world,” said Randy Schwimmer, Head of Origination & Capital Markets at Churchill. “We are thrilled to support the company and our longstanding partner Quad-C on this transaction.”
Founded in 1989, Quad-C is a Charlottesville, VA-based middle market private equity firm that has invested over $3 billion of equity across more than 65 companies since inception.
About Churchill Asset Management
Based in New York, Churchill Asset Management LLC is a leading provider of senior and unitranche debt financing for middle market companies, particularly those backed by top-tier private equity sponsors. Churchill has $6.5 billion of committed capital under management and has broad experience in all aspects of the middle market financing business, including structuring, credit analysis, syndication, and deal monitoring and oversight. More information can be found at www.churchillam.com.
Founded in 1989 and headquartered in Charlottesville, Virginia, Quad-C is a middle market private equity firm focused on investing in well-established business services, consumer, general industrial, healthcare, specialty distribution, and transportation / logistics companies. In its nearly three-decade history, Quad-C has invested over $3 billion of capital in over 65 companies. The Quad-C team is committed to partnering with entrepreneurs and management teams to accelerate growth and create long-term value. www.quadcmanagement.com