The Antares Bain Capital Complete Financing Solution (ABCS), a joint venture between Antares and Bain Capital Credit, closed a senior secured unitranche credit facility to support the acquisition of G.S. Precision by AE Industrial Partners.
“The speed and ease of execution inherent in the unitranche structure combined with the expertise of the Antares and Bain Capital team made ABCS an optimal financing solution for this investment,” Charlie Compton, partner at AEI, said. “Not only did they deliver as promised, but they understood our needs and were flexible throughout the process.”
Founded in 1958 in Brattleboro, VT, G.S. Precision is a manufacturer of high-precision machined components and complex assemblies. While serving many industries, the company’s primary focus is supplying mission critical components for its aerospace customers, including those who manufacture aircraft engines, land and marine based turbines, commercial and military aircraft, inertial guidance systems and infra-red optical devices.
“Antares is pleased to support AEI on their investment in G.S. Precision,” Kevin Fitzgerald, senior vice president with Antares, said. “As a market leader with a dedicated management team and track record for innovation, we look forward to G.S. Precision’s continued evolution as they work with AEI to execute on the company’s growth initiatives.”
ABCS provides private equity sponsors and borrowers with access to first lien unitranche loans of up to $350 million in a single transaction.
“Our unitranche offering continues to provide the flexibility and ease of use that helps facilitate the certainty of transactions for sponsors and borrowers,” Thomas Kolinski, a director at Bain Capital Credit, said. “We’re excited to help G.S. Precision grow their roster of aerospace clients to better compete in a rapidly growing and dynamic global marketplace.”
