April 26, 2012 – Golub Capital has provided $18.9 million in subordinated notes for the refinancing of The Atlas Group, a portfolio company of Graham Partners. “Golub Capital demonstrated its flexibility by offering multiple capital structure alternatives in support of the refinancing. We value Golub Capital’s long-term commitment to the company,” said Christopher Lawler, Managing Principal at Graham Partners. Atlas was originally acquired by Graham in March 2007.
The Atlas Group is a manufacturer of high precision machine parts, assemblies, and replacement parts to aerospace original equipment manufacturers and Tier 1 suppliers. The company focuses on the production of structural and flight control components and assemblies that are highly complex and often flight critical, installed from the cockpit to the tail of the aircraft. The Atlas Group is headquartered in Wichita, KS (www.theatlasgroup.biz).
Golub offers buy-and-hold products ranging from $10 million to $75 million and includes one-loan financings, senior, 2nd lien and subordinated debt, preferred stock and co-investment equity. The firm also underwrites and syndicates first lien loans up to $200 million. Golub Capital’s will hold up to $100 million per transaction. Industries of interest include consumer products, business and consumer services, defense, manufacturing, value-added distribution, media, healthcare services and restaurants. In addition to its New York headquarters, Golub also has offices in Atlanta, GA; and Chicago, IL (www.golubcapital.com).
“We are excited to continue our longstanding partnership with Graham Partners and its portfolio company, The Atlas Group,” said Golub Capital Senior Managing Director Greg Cashman. “The company’s management team has an excellent track record of growing its value-added capabilities and content on next generation platforms. We are excited to support The Atlas Group’s continued growth.”
Graham Partners is a lower middle market industrial private equity firm with over $1.5 billion under management. Graham Partners is sponsored by the privately held Graham Group of York, PA, an industrial and investment concern with interests in plastics, packaging, machinery, building products and outsource manufacturing. Graham Partners seeks to acquire industrial companies with revenues between $30 million and $500 million that participate in manufacturing niches where it can leverage its combination of operating resources and financial expertise. The firm is located in Philadelphia, PA (www.grahampartners.net).