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Golub Capital Provides Debt Facility to Support Parts Town Recapitalization

July 01, 2016, 07:52 AM
Filed Under: Distribution

Golub Capital announced that as administrative agent, sole lead arranger and sole bookrunner, it provided GOLD financing to support the majority recapitalization of Parts Town by Berkshire Partners. Summit Partners, an existing shareholder, will remain a significant investor in the company. GOLD financings are Golub Capital One-Loan Debt facilities.

Founded in 1987 in Addison, IL, Parts Town is the fastest-growing distributor of genuine OEM repair and maintenance parts for the foodservice industry and provides locally-focused field service and technical support. With an extraordinary commitment to customer service and innovation and an industry-leading e-commerce platform, Parts Town provides unique, customized solutions to food equipment manufacturers, food equipment service companies, and restaurants. The company has been named to the Inc. 5000 list of fastest-growing U.S. companies for seven consecutive years. Recently, Parts Town announced the acquisition of Whaley Foodservice Repairs, Inc., a large parts distribution and service business, expanding the company's footprint and further enhancing its customer service capabilities.

Golub Capital's award winning middle-market lending team structures financing solutions with hold positions of up to $300 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 a top three US Middle Market Bookrunner each year from 2008 through Q1 2016 for senior secured loans of up to $500 million for leveraged buyouts (according to Thomson Reuters LPC and internal data; based on number of deals).

Berkshire Partners, a Boston-based investment firm, has raised nine private equity funds with more than $16 billion in aggregate capital and has made over 115 investments in primarily middle-market companies since its founding in 1986. Berkshire has developed specific industry experience in several areas including consumer products and retail, business services, industrials, communications and transportation.







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