GE Antares Backs Latest Graham Partners Acquisition
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GE Antares Backs Latest Graham Partners Acquisition

GE Antares served as administrative agent on a $150 million senior credit facility to support the acquisition of Henry Company, a manufacturer of roofing and building envelope products and systems, by Graham Partners and other co-investors including OceanBridge Partners, members of current management, and the company’s former owners.

“The GE Antares team understands our business, and working on our prior transactions enabled them to structure a deal which helps us build a stronger business,” said Rob Newbold, managing principal at Graham Partners. “The team’s responsiveness and industry knowledge was invaluable on this acquisition and we look forward to working with them as we continue to grow our business.” GE Capital Markets served as sole lead arranger and bookrunner on the transaction.

Henry Company is a manufacturer of roofing and building envelope products and systems used to control the flow of water, vapor, air, and energy through the entire building envelope, from foundation to roof. Henry supplies roof coatings and cements, air and vapor barriers, underlayments, waterproofing products, spray foam, and green roofing systems. The company is also a supplier of wax and asphalt emulsions for a variety of OEM applications. Brands include Henry® (roof cements and coatings), Bakor® (building materials), Blueskin® (air and vapor barriers), Aqualite® (wax emulsions), Black Knight® (roof coatings and driveway sealer) and Permax® (spray foam). The company is headquartered in El Segundo, CA (www.henry.com).

GE Antares is a unit of GE Capital with offices in Atlanta, Chicago, Los Angeles, New York, and San Francisco. Specializing in the middle market, GE Antares is a “one-stop” source for GE’s lending and other services to middle market private equity sponsors (www.geantares.com).

“GE’s relationship with Graham Partners and Henry Company enabled us to provide a financing solution that worked for all parties,” said Brian Polomsky, senior vice president of GE Antares. “We look forward to working with them as they enhance Henry’s leadership in building high performance and innovative building solutions.”

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).

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