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Five Points, Graycliff Make Unitranche Investment in Alitus’s Acquisition of ATRO Engineered Systems

October 05, 2020, 09:05 AM
Filed Under: Manufacturing

Graycliff Partners and Five Points Capital announced an investment in support of Alitus Partners’ acquisition of ATRO Engineered Systems.  Graycliff and Five Points each invested unitranche debt and equity co-investment through their dedicated credit funds.

Headquartered in St. Claire, Missouri, ATRO Engineered Systems (“ATRO”) is a leading designer, manufacturer and distributor of polyurethane parts for heavy-duty trucks and equipment. The Company was founded in 1987 with the development of a proprietary blend of polyurethane and an innovative, patented design to make torque rod bushings that lasted longer and performed better than competitive rubber products. The Company has grown from a handful of products to a full line up of bumper to bumper parts and has become the market leader of polyurethane products in the aftermarket heavy-duty truck category.  

“We are excited about our partnership with Alitus and Five Points.  ATRO is a leader in the aftermarket polyurethane segment and we look forward to working with the team at ATRO to continue propelling the Company forward”, said Brian O’Reilly, Managing Director, Graycliff Partners.  

“ATRO has a long history of delivering product innovation and exceptional customer service. We look forward to supporting the ATRO team and Alitus as they continue to build upon the Company’s strong foundation,” said Jonathan Blanco, Five Points Managing Partner.  “Five Points and Graycliff worked together to deliver an attractive and efficient capital solution to close this transaction and are committed to supporting the Company with additional capital and resources in the future.”

“We are very pleased to have Graycliff and Five Points as our primary capital providers,” said Keith Harbison, Founder and Managing Partner of Alitus Partners, “they delivered a compelling debt and equity package in a difficult market environment.”

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