Golub Capital has provided a senior debt facility to support Windjammer Capital Investors’ buy of Global Claims Services. GCS is an insurance service provider that helps property insurance carriers settle claims through its ITEL and ICC subsidiaries.
Golub Capital, as Administrative Agent, announced today that it provided a senior debt facility to support the acquisition of Global Claims Services, Inc. (the “Company” or “GCS”) by Windjammer Capital Investors (“Windjammer”).
GCS is an insurance service provider that helps property insurance carriers effectively settle claims through its ITEL and ICC subsidiaries, primarily in the U.S. and Canada. ITEL provides independent testing services of damaged flooring to insurance carriers, claims adjusters, contractors and property owners that assists in determining the fair replacement value (i.e., claimants entitled to like-kind replacement) when estimating an insurance claim. ICC is the leading provider of flooring validation and claims services to the Canadian property and casualty industry.
“We are excited to support Windjammer’s investment in GCS,” said Golub Capital Managing Director Troy Oder. “We believe Windjammer is uniquely suited to partner with GCS management to drive continued growth, and we are thrilled to continue our longstanding relationship with the Company.”
“Golub Capital has proven to be an excellent financing partner,” said John Donahue, Principal at Windjammer. “They provided a flexible financing solution that suited our needs, and were able to adhere to an expedited transaction timeline.”
About Golub Capital
With over $6 billion in capital under management, Golub Capital is a leading provider of financing solutions for the middle market, including one-loan financings (through the firm’s proprietary GOLD facility), senior, second lien, and subordinated debt, preferred stock and co-investment equity. The firm underwrites and syndicates senior credit facilities up to $250 million, and offers hold positions up to $150 million per transaction.
Golub Capital has been ranked a “Top 3” Traditional Middle Market Bookrunner every year from 2008 through 1Q 2012 by Thomson Reuters LPC for senior secured loans of up to $100 million for leveraged buyouts (based on number of deals completed). In 2012, Golub Capital was awarded an ACG New York Champion’s Award for “Senior Lender Firm of the Year.” Golub Capital is a national firm with principal offices in Chicago and New York. For more information, please visit the firm’s website at www.golubcapital.com.
About Windjammer Capital Investors
Windjammer Capital Investors, with offices in Newport Beach, California and Waltham, Massachusetts, is a national private investment firm that makes control and non-control investments in leading middle market businesses in partnership with management. Founded in 1990, Windjammer’s institutional funds total over $1.8 billion of capital and is currently investing out of its 2012 fund, Windjammer Senior Equity Fund IV. In its history, Windjammer has closed on portfolio company investments with an aggregate value of approximately $5 billion. Please visit the firm’s website for more information at www.windjammercapital.com.
PR Newswire (http://s.tt/1jrJq)