Golub Capital Provides One-Loan Debt Facility To Finance Acquisition Of BECO Holding Company By Behrman Capital

NEW YORK, Sept. 2, 2014 /PRNewswire/ — Golub Capital announced today that as Sole Bookrunner, Sole Lead Arranger and Administrative Agent it provided a GOLD financing to support the acquisition of BECO Holding Company, Inc. ("BHC" or "the Company") by Behrman Capital. GOLD are Golub Capital's One-Loan Debt facilities.

Founded in 1941 and headquartered in Charlotte, North Carolina, BHC is the nation's leading business-to-business wholesale distributor of first-response fire protection equipment and related parts. With 18 locations across the United States, the Company  offer customers access to an inventory of over 12,000 fire equipment and maintenance, repair and operations (MRO) products from over 400 industry-leading manufacturers. BHC is highly regarded in the industry for offering quality products at great prices with the very best in customer service.

"BHC is the market leader in its core fire protection market and has continually proven its ability to successfully expand into adjacent categories while maintaining its focus on quality and customer service," said Golub Capital Senior Managing Director Andrew Steuerman.  "Golub has maintained an institutional relationship with BHC since 1998 and we are excited to partner with Behrman and management in the next phase of the Company's customer-centric growth trajectory."

Grant Behrman, Managing Partner of Behrman Capital, said, "Golub has been a valuable partner to both BHC and Behrman for many years. This new financing will support BHC's growth strategy and help to ensure its continued success."   

About Golub Capital Middle Market Lending
Golub Capital's award winning middle market lending team structures financing solutions with hold positions of up to $250 million. The team also underwrites and syndicates senior credit facilities and a proprietary suite of GOLD (one-loan debt) facilities, up to $500 million. Golub Capital has been #1 in 5 out of the past 6 years from 2009 through 1H 2014 for senior secured loans of up to $100 million for leveraged buyouts (according to Thomson Reuters LPC and internal data; based on number of deals).

Golub Capital is a nationally recognized credit asset manager with over $10 billion of capital under management. Golub Capital has three highly complementary business lines led by exceptional teams of credit professionals: Middle Market Lending, Broadly Syndicated Loans and Opportunistic Credit. Golub Capital has principal offices in New York and Chicago. For more information, please visit the firm's website at www.golubcapital.com.

About Behrman Capital
Based in New York City and San Francisco, Behrman Capital was founded in 1991 by Grant G. and Darryl G. Behrman. The firm invests in management buyouts, leveraged buildups and recapitalizations of established growth businesses. The company's investments are primarily focused in four industries: health care, specialty manufacturing, business to business outsourcing and defense. The firm has raised five funds with a combined capital base in excess of $3.0 billion. For more information, please visit the firm's website at www.behrmancap.com.

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SOURCE Golub Capital

CONTACT: Andrew Steuerman, Head of Middle Market Lending, 212.660.7280 or [email protected]