Antares Capital served as administrative agent and sole bookrunner on an $80.5 million senior secured credit facility to support private equity firm Gryphon Investors’ acquisition of Potter Electric Signal.
Headquartered in Saint Louis, Potter designs and manufactures commercial fire and safety specialty products. It was founded in 1898 and has 292 employees across seven global facilities. The company operates through three primary divisions: sprinkler monitoring, fire systems and security systems.
“We have a great history working with the Antares team, including previous transactions within similar types of industries to Potter,” said Dorian Faust, partner at Gryphon Investors. “From this experience we know we can rely on them for flexible financing terms and deep sector knowledge.”
“Gryphon’s acquisition of Potter extends their investment into the fire and safety specialty products space,” said Mary Gaede, managing director at Antares. “With this transaction we have delivered another successful execution for Gryphon, and are excited to see Potter join such a strong team.”
