Golub Backs Audax Buy of Chase Doors
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Golub Backs Audax Buy of Chase Doors

golub nf2Golub Capital was the Sole Bookrunner, Sole Lead Arranger and Administrative Agent on a facility to support the acquisition of Chase Doors by Audax Group.

brian doherty nf1“Golub provided a financing solution that offered certainty and efficiency to our process” said Brian Doherty, Vice President at Audax. “Their level of familiarity with the business facilitated a streamlined diligence process and path to closing.  We look forward to our partnership on Chase and to working with Golub again on future transactions.”

Chase Doors manufacturer of made-to-order specialty door systems. Products include impact traffic doors, double-acting swing doors, strip curtains, fiberglass doors, sliding fire doors, sliding service doors, pharmaceutical doors, and bug screen doors. The company has over 300 employees and five manufacturing facilities. Chase Doors was founded in 1932 and is headquartered in

brian crabb nf1“We are thrilled to partner with Audax and the exceptional Chase management team in our continued support of the business through its next phase of growth,” said Brian Crabb, Managing Director of Golub Capital.  “Golub has been involved with the Chase business for several years and views the company as an outstanding operator across a diverse range of commercial door categories.”

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 underwrites and syndicates first lien loans up to $500 million. Golub Capital will hold up to $250 million per transaction. Industries of interest include consumer products, business and consumer services, defense, manufacturing, value-added distribution, media, healthcare services and restaurants. Golub has offices in New York and Chicago (www.golubcapital.com).

The Audax Group makes control investments of $10 million to $100 million in middle market companies with transaction values of $25 million to $500 million. Sectors of interest include industrial manufacturing; energy; outsourced industrial services; consumer products; healthcare devices and services; non-asset based logistics; technology; aerospace & defense; business services; and direct marketing.  Audax has over $6 billion in assets under management in its private equity, mezzanine, and senior debt businesses. The firm was founded in 1999 and has offices in Boston and New York (www.audaxgroup.com).

2014 PEPD • Private Equity’s Leading News Magazine • 9-18-14

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