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


Garrison Investment Group Provides Senior Term Loan to Texas Hydraulics, Inc.

February 24, 2016, 07:56 AM
Filed Under: Manufacturing

Garrison Investment Group LP announced the funding of a senior secured term loan, in conjunction with a senior secured credit facility provided by PNC Business Credit, to Texas Hydraulics, Inc. (“THI”). Proceeds from the transaction were used finance the acquisition of THI by Wynnchurch Capital, LLC. Founded in 1999 and headquartered in the Chicago suburb of Rosemont, Illinois, Wynnchurch is a leading middle market private equity firm with $2.3 billion of capital under management that specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings.

Founded in 1968, and headquartered in Temple, TX, Texas Hydraulics is a leading manufacturer of highly engineered, custom-designed hydraulic cylinders, swivels and related components for mobile equipment applications. The Company is known as leading provider of front-end design solutions for the most challenging hydraulic cylinder, swivel and related applications. Texas Hydraulics has long-standing relationships with blue-chip OEM customers across a variety of end-markets, including infrastructure, utilities, natural resources and transportation.
Garrison is an alternative investment and asset management firm founded in March 2007 and headquartered in New York. Garrison focuses on deploying capital across its corporate finance, real estate, consumer finance and structured credit investment strategies. Garrison Corporate Finance provides credit solutions to underserved middle-market and lower middle-market companies across a broad range of industries that are primarily based in the United States.

Comments From Our Members

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