Daily News: September 3, 2014

Golub Capital Finances Behrman’s BECO Acquisition

Golub Capital announced that as sole bookrunner, sole lead arranger and administrative agent, it provided a GOLD financing to support the acquisition of BECO Holding Company (BHC) by Behrman Capital. GOLD are Golub Capital’s One-Loan Debt facilities.

Founded in 1941, Charlotte, NC-based BHC is a business-to-business wholesale distributor of first-response fire protection equipment and related parts.

“BHC is the market leader in its core fire protection market and has continually proven its ability to successfully expand into adjacent categories while maintaining its focus on quality and customer service,” said Golub Capital Senior Managing Director Andrew Steuerman. “Golub has maintained an institutional relationship with BHC since 1998 and we are excited to partner with Behrman and management in the next phase of the company’s customer-centric growth trajectory.”

Grant Behrman, managing partner of Behrman Capital, said, “Golub has been a valuable partner to both BHC and Behrman for many years. This new financing will support BHC’s growth strategy and help to ensure its continued success.”