Antares served as joint lead arranger and will act as administrative agent on a senior secured credit facility to support the acquisition of The Atlas Group by AE Industrial Partners.
Atlas, based in Wichita, KS, manufactures flight-critical, complex assemblies on a diverse group of commercial, military and business aircraft. Atlas has developed a unique set of machining, specialty forming and chemical processing capabilities, supported by automation technology and low-cost manufacturing.
“Antares worked closely with us to tailor a financing solution to meet our needs,” said Kirk Konert, principal with AEI. “We appreciate working with their team because they bring to bear the speed and certainty of execution you expect from a market leader.”
“We were pleased to support AEI as they invest in The Atlas Group, a company with a strong management team and solid positioning within the aerospace industry,” said Kevin Fitzgerald, senior vice president with Antares. “We expect AEI’s depth of experience and industry knowledge will help to further accelerate the growth of The Atlas Group.”
AE Industrial Partners is a private equity firm specializing in control investments in aerospace and defense, power generation, and specialty industrial businesses.
