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Varagon supports GHK Capital’s Auveco acquisition

Varagon Capital Partners has provided a credit facility to back GHK Capital Partners' buyout of Cold Spring, Kentucky-based Auveco, a provider of fasteners to the automotive body hardware aftermarket.

Varagon Capital Partners has provided a credit facility to back GHK Capital Partners’ buyout of Cold Spring, Kentucky-based Auveco, a provider of fasteners to the automotive body hardware aftermarket. No financial terms were disclosed. Varagon was administrative agent, joint lead arranger and joint bookrunner on the financing.

PRESS RELEASE

New York, NY, May 11, 2022 – Varagon Capital Partners, L.P. (Varagon) today announced it is serving as Administrative Agent, Joint Lead Arranger and Joint Bookrunner on a senior secured credit facility to support GHK Capital Partners’ acquisition of Auveco.

About Auveco:

Founded in 1916 and Headquartered in Cold Spring, KY, Auveco is a leading distributor of fasteners to the automotive body hardware aftermarket and general industrial maintenance, repair and operations space. The Company sells to thousands of wholesale distribution customers who subsequently service hundreds of thousands of collision centers, repair shops, dealerships and general manufacturers located throughout North America.

For more information, please visit: www.auveco.com