Ansley Park Capital, a lending and specialty finance platform, closed a $160 million senior secured financing facility for Voltava, the holding entity for Detroit Manufacturing Systems (DMS), to support its acquisition of Android Industries and Avancez.
Ansley Park served as lead agent on the transaction, which includes a $135 million acquisition term loan and $25 million of incremental liquidity to fund capital investments and support Voltava’s strategic growth initiatives. The term financing is structured as part of a split-lien arrangement alongside a revolver provided by a large national bank.
“This transaction brings together two highly respected operators whose combined scale, capabilities and technology leadership create a powerful platform in the global manufacturing and assembly space,” Eric Miller, president and CEO of Ansley Park Capital, said. “We are proud to serve as lead agent and deliver a flexible capital solution that supports Voltava’s long-term strategic vision and continued investment in mission-critical operations.”
Bruce Smith, CEO of Voltava, added, “The merger of DMS and Android positions us to better serve our global customer base with expanded capabilities, deeper technical expertise and greater operational resilience. Ansley Park Capital demonstrated a deep understanding of our business and executed a financing solution that enables us to move decisively into this next chapter. We appreciate their partnership and commitment to our success.”
