Daily News: May 16, 2014

GE Antares Finances Kellstrom Defense Acquisition

GE Antares announced it served as administrative agent on a senior secured credit facility to support the acquisition of Kellstrom Defense Aerospace by the Merex Group, a portfolio company of Dubin Clark & Company. GE Capital Markets served as sole lead arranger and joint bookrunner on this facility.

Headquartered in Miramar, FL, Kellstrom Defense is an industry leader in aftermarket logistics and inventory support for a variety of Defense Derivative aircrafts. Kellstrom Defense is a globally-recognized provider of inventory management solutions and aftermarket services, specializing in the defense aircraft aftermarket support.

“GE Antares is a valued business partner, bringing more than just capital,” said Michael Hompesch, partner at Dubin Clark. “They also brought GE’s expertise in aerospace, helping us realize the opportunity we see to drive consolidation and scale in the global defense aftermarket space.”

“We’re excited to provide debt and equity financing in support of Dubin Clark,” said Chip Cushman, managing director of GE Antares. “We look forward to continuing to support the strong growth opportunities at Merex Group and Kellstrom.”

The Merex Group is a provider of comprehensive support for U.S. manufactured legacy defense platforms including aircraft, helicopters and their respective engines.