Golub Capital Provides Financing in Support of the Acquisition of Tronair by KRG Capital Partners

NEW YORK, March 7, 2008 /PRNewswire/ — Golub Capital today announced that it has provided $11.9 million of subordinated debt and co-investment equity in support of KRG Capital Partners' acquisition of Tronair, a Holland, Ohio-based leading manufacturer of ground service equipment primarily serving the business, regional and commercial aircraft markets.

Owned by private investment firm River Capital prior to KRG Capital's purchase, Tronair saw eight years of solid growth. Today the company designs, manufactures and distributes over 1,000 different products to the aircraft industry including jacks, hydraulic service units, engine stands, prop stands, potable water carts, and nitrogen and oxygen service carts. Additionally, Tronair recently opened repair facilities in Europe and Asia.

"This is our second deal with KRG Capital in this quarter alone. We are pleased to be working with them on this deal and in general. They are a solid partner," said Golub Capital Managing Director Joseph Longosz. "Tronair is a great company with lots of growth opportunities. We look forward to supporting it in the future."

"Even in this difficult credit environment, Golub Capital has continued to be a strong supporter of KRG. We are pleased to have them as a partner on this transaction," says Steve Neumann at KRG Capital.

Golub Capital lends to broad range of U.S.-based mid-market companies and initially invests between $5 million and $75 million with additional capital available for growth.

About Golub Capital

Golub Capital is an active provider of GOLD (Golub Capital's One-Loan Debt Facility), senior and subordinated debt, second lien debt, preferred stock, and co-investment equity to middle market companies. 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. Typical investments ranging from $5 million to $75 million, with additional capital available for future growth. Golub Capital is a national firm with offices in Atlanta, Chicago, New York and San Francisco. For more information, please visit www.golubcapital.com.

About KRG:

Founded in 1996, KRG is a Denver-based private equity firm with over $4 billion of cumulative capital either deployed or available for future investment, which includes approximately $682 million deployed since inception on behalf of equity co-investors. More information on KRG is available online at www.krgcapital.com.

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SOURCE: Golub Capital

CONTACT: Joseph Longosz, Managing Director, Golub Capital,
+1-404-495-4521, [email protected]