Whitcraft, a portfolio company of Golub Capital, has acquired Reliable Manufacturing Co., a Bloomfield, Conn.-based maker of precision components for the aerospace industry. The deal included $25 million in subordinated notes arranged by Golub.
PRESS RELEASE
Golub Capital today announced that it has arranged $25.0 million of subordinated debt in support of Whitcraft’s acquisition of Reliable Manufacturing Company, a Bloomfield, Connecticut-based manufacturer of precision components for the aerospace industry serving OEMs in the commercial, business and military markets. Whitcraft is an existing portfolio company of Golub Capital.
“It is a pleasure to be working with Golub Capital again. Their deep knowledge of the aerospace industry and structuring expertise enabled us to get this acquisition done. Golub Capital has proven that even in turbulent credit and economic environments they stick to their word and deliver. It’s a relief to be partnered with such a reliable lender,” commented Whitcraft CEO Colin Cooper.
About Golub Capital
Golub Capital underwrites and syndicates 1st lien loans up to $150 million. Our buy-and-hold products range from $5 million to $75 million and include one-loan financings (through the Firm’s proprietary GOLD facility), senior, second lien and subordinated debt, preferred stock and co-investment equity. The firm is committed to being a value-added and user-friendly partner to owners, senior management and transaction sponsors. With a broad investment mandate and long-term time horizon, Golub Capital has a high level of flexibility in structuring investments. Golub Capital is a national firm with offices in Atlanta, Chicago, New York and San Francisco. For more information, please visit www.golubcapital.com.
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