FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Golub Capital Provides Credit Facility to Support ISN Refinancing

March 10, 2015, 07:26 AM
Filed Under: Distribution

Golub Capital announced that as administrative agent, sole lead arranger and sole bookrunner it provided a senior credit facility to support the refinancing of Integrated Supply Network LLC ("ISN"), an Audax Group portfolio company, and ISN's concurrent acquisition of Consolidated Lift Inc.

"Consistent with our past experiences, Golub provided a flexible financing solution and was able to close quickly and smoothly," said Mark Cordes, Managing Director at Audax. "Their ability to speak for the full senior debt facility greatly simplified the financing process for us."

Founded in 1972, ISN is America's leading independent master distributor of tools, equipment and supplies to the growing $239 billion automotive aftermarket. ISN distributes more than 50,000 products supplied by 350 manufacturers to more than 20,000 customer accounts. ISN's diverse customer base spans numerous distinct channels and includes thousands of independent tool dealers and select national accounts.

"ISN is a prime example of Golub bringing to bear its product flexibility, hold capacity, and speed of execution to deliver for our client," stated Brian Crabb, Managing Director at Golub Capital. "We are thrilled to be partnering with Audax and the ISN team to support the business through the next stage of its growth."

ISN is the third financing Golub Capital has provided to Audax in less than a year. 

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. As of YE 2014, Golub Capital has been #1 for four years in a row 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).

Audax Group, founded in 1999, is a leading investor in lower-middle market companies.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.