Columbia Pacific Advisors‘ business finance strategy (CPBF), a Seattle-based direct lender to privately-held and sponsor-backed companies, provided a $17 million senior secured term loan to support the acquisition of Signal Hound. The radio frequency (RF) equipment firm is set to be acquired by Portland-based independent sponsor, Bridgehouse Capital.
Headquartered in Battle Ground, WA, Signal Hound is a designer and manufacturer of RF signal generators and spectrum analyzers. The company’s products are relied upon for mission-critical RF analysis by U.S. government customers, educational institutions and electronics manufacturers around the world.
“CPBF understood the independent sponsor process and was able to perform due diligence and close in a very tight time frame,” Harrison Osbourn, CEO of Bridgehouse Capital, said. “As a Navy veteran who worked with signal intelligence during my years of service, I understand the importance of RF spectrum analysis to achieving mission objectives. I look forward to working with Signal Hound’s dedicated employees and talented engineers to bring its robust product pipeline and expanded product suite to market.”
“We are pleased to support Bridgehouse Capital and build upon Signal Hound’s legacy of success in the RF signal industry,” Lawrence Litchfield, director of business development for CPBF, said. “This transaction demonstrated CPBF’s ability to partner with independent sponsors and provide creative financing solutions for acquirers of privately-held companies.”
Portland based Confluence Capital Group served as the exclusive financial advisor for Bridgehouse.
