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Comvest Credit Partners Agents $92.2MM Credit Facility for Cassavant Holdings

March 03, 2020, 08:00 AM
Filed Under: Manufacturing

Comvest Credit Partners (Comvest) has acted as Administrative Agent and Lender in providing a $92.2 million Senior Secured Credit Facility (the “Financing”) to Cassavant Holdings, LLC (“Cassavant”), a vertically-integrated manufacturer of precision-machined components and sub-assemblies serving the aerospace and defense industries.  The Financing was used to fund the acquisition by Gallant Capital Partners (“Gallant”) and refinance certain existing debt.

Founded in 1972 and headquartered in Phoenix, AZ, Cassavant is a leading manufacturer of critical components for engines, APUs, fuel and fluid systems, gears, hydraulics, and valves for the majority of commercial, military and business jet platforms serving the aerospace and defense industry. Cassavant is a key supplier for major global OEMs and utilizes its vertically integrated manufacturing expertise and broad capabilities set to deliver high quality products and services to its customers.

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