Daily News: November 8, 2018

Golub Provides $129.8MM GOLD Facility for Riverside SureWerx Buyout


Golub Capital served as administrative agent, sole lead arranger and sole bookrunner on a C$170 million ($129.8 million) GOLD facility to support The Riverside Company’s buyout of SureWerx.

GOLD financings are Golub Capital One-Loan Debt facilities.

Based in Vancouver, BC, SureWerx supplies branded tools, equipment and safety products to the industrial maintenance, repair and operations, automotive aftermarket, energy and construction markets. The company operates through nine proprietary brands, serving as a one-stop shop platform to address the continuously evolving needs of professional workers across multiple channels and product categories.

SureWerx also demonstrated strong growth in recent years as it expanded into the U.S.

“We are pleased to partner again with Golub Capital,” said Brad Roberts, partner at Riverside. “They offered a flexible and scalable unitranche solution in Canadian dollars that allowed us to complete this buyout efficiently.”

“SureWerx’s impressive U.S. expansion, combined with a growing need for infrastructure construction projects in the U.S. and Canada, made the Company an attractive investment for Golub Capital,” said Greg Cashman, senior managing director at Golub Capital. “The expansion in our foreign currency capabilities allowed us to offer a compelling financing solution to Riverside that fits their growth plans.”

Founded in 1988, The Riverside Company is a global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million.