Daily News: July 31, 2012

Golub Provides Debt Facility for Global Claims Acquisition


Golub Capital, as administrative agent, announced that it provided a senior debt facility to support the acquisition of Global Claims Services, Inc. (GCS) by Windjammer Capital Investors.

GCS is an insurance service provider that helps property insurance carriers effectively settle claims through its ITEL and ICC subsidiaries, primarily in the U.S. and Canada. ITEL provides independent testing services of damaged flooring to insurance carriers, claims adjusters, contractors and property owners that assists in determining the fair replacement value (i.e., claimants entitled to like-kind replacement) when estimating an insurance claim. ICC is the leading provider of flooring validation and claims services to the Canadian property and casualty industry.

“We are excited to support Windjammer’s investment in GCS,” said Golub Capital managing director Troy Oder. “We believe Windjammer is uniquely suited to partner with GCS management to drive continued growth, and we are thrilled to continue our longstanding relationship with the Company.”

“Golub Capital has proven to be an excellent financing partner,” said John Donahue, principal at Windjammer. “They provided a flexible financing solution that suited our needs, and were able to adhere to an expedited transaction timeline.”

With over $6 billion in capital under management, Golub Capital is a provider of financing solutions for the middle market, including one-loan financings (through the firm’s proprietary GOLD facility), senior, second lien and subordinated debt, preferred stock and co-investment equity.