Antares acted as administrative agent on senior secured credit facilities to support the acquisition of 80/20 by MPE Partners.
Based in Columbia City, IN, 80/20 is the originator and manufacturer of “The Industrial Erector Set,” a modular aluminum T-slotted building system for various applications and end-markets. With more than 8,500 SKUs, 80/20 serves more than 40,000 end users through its distributors as well as direct through its website.
“Antares quickly provided their commitment to support this investment and was flexible throughout the process,” Karen Tuleta, a partner at MPE Partners, said. “With each transaction in which we engage Antares, we appreciate the expertise and professionalism they bring to bear.”
“We are pleased to support MPE Partners in their investment in 80/20 Inc., a company with an impressive track record for growth and strong long-term customer relationships,” Kevin Fitzgerald, a managing director at Antares, said. “With the support and resources of MPE Partners, 80/20 Inc. is well positioned to achieve continued growth and market differentiation.”
