Golub Capital has made an undisclosed investment to back Freeman Spogli & Co’s buy of Integrated Supply Network LLC. Based in Lakeland, Florida, ISN is a distributor of products for auto mechanics and technicians.
CHICAGO, June 22, 2016 /PRNewswire/ — Golub Capital announced today that as Administrative Agent, Joint Lead Arranger and Joint Bookrunner it provided a senior credit facility to support the acquisition of Integrated Supply Network, LLC (“ISN”) by Freeman Spogli & Co. (“Freeman Spogli”).
Formed in 1997 and headquartered in Lakeland, Florida, ISN is a value-added distributor that sells more than 100,000 products through an extensive distribution network to over 20,000 unique customer locations that ultimately sell to automotive mechanics and technicians. ISN operates in a highly fragmented industry and enjoys the benefits of being the largest independent wholesaler in the automotive aftermarket tool category. ISN is the key link in the supply chain between manufacturers of automotive tools and equipment and the fragmented group of mobile and stationary jobbers supplied by ISN. The Company offers manufacturers and customers an international network of warehouses and a broad array of products, backed by customer service leadership, innovative use of technology and multi-step pull through marketing capabilities.
“We are excited to continue our relationship with ISN by supporting Freeman Spogli’s investment in the platform,” said Troy Oder, Managing Director of Golub Capital.
About Golub Capital Middle Market Lending
Golub Capital’s award winning middle market lending team structures financing solutions with hold positions of up to $300 million. The team also underwrites and syndicates senior credit facilities and a proprietary suite of GOLD (one-loan debt) facilities, up to $500 million. Golub Capital has been a top 3 US Middle Market Bookrunner each year from 2008 through Q1 2016 for senior secured loans of up to $500 million for leveraged buyouts (according to Thomson Reuters LPC and internal data; based on number of deals).
Golub Capital is a nationally recognized credit asset manager with over $15 billion of capital under management. Golub Capital has three highly complementary business lines led by exceptional teams of credit professionals: Middle Market Lending, Late Stage Lending and Broadly Syndicated Loans. Golub Capital’s lending offices are located in Chicago, New York, San Francisco and Charlotte. For more information, please visit the firm’s website at www.golubcapital.com.
About Freeman Spogli
Freeman Spogli & Co. is a private equity firm dedicated exclusively to investing in and partnering with management in consumer and distribution companies in the United States. Since its founding in 1983, Freeman Spogli has invested $3.7 billion in 54 portfolio companies with aggregate transaction value of $21 billion. Freeman Spogli has offices in Los Angeles and New York. For additional information, visit www.freemanspogli.com.