Golub Capital Provides One-Loan Debt Facility To Finance Acquisition Of Chase Doors By Audax Group
CHICAGO, Sept. 17, 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 Chase Doors ("the Company") by Audax Group ("Audax"). GOLD financings are Golub Capital's One-Loan Debt facilities.
Chase Doors is a global leader and a recognized manufacturer of high-quality, made-to-order specialty door systems. Founded in 1932, Chase Doors began its operation as an insulated walk-in cooler and specialty refrigeration equipment manufacturer. Since then, the Company has expanded its line of doors to include a variety of products, including impact traffic doors, double-acting swing doors, strip curtains, fiberglass doors, sliding fire doors, sliding service doors, pharmaceutical doors, and bug screen doors. Today the Company has over 300 employees and five vertically integrated manufacturing facilities.
"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 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."
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 Audax Group
Audax Group, founded in 1999, is a leading investor in lower-middle market companies. With offices in Boston, New York and Menlo Park, Audax has over $6 billion in assets under management in its Private Equity, Mezzanine, and Senior Debt businesses. For more information visit the firm's website at www.audaxgroup.com.
SOURCE Golub Capital