Configure Partners, a middle-market investment bank, served as exclusive financing advisor to Hidden Harbor Capital Partners (HHCP) in securing committed debt capital to support HHCP’s acquisition of Avtron Power Solutions, a provider of the design and manufacture of Load Banks, a critical solution for the testing and measurement of backup power systems.
Configure supported all aspects of the debt financing process including lender approach, structuring and negotiating the financing-related documentation for the acquisition.
“Configure ran an efficient process and delivered an attractive financing commitment on a tight timeline,” Russell Kreutter, principal at Hidden Harbor, said. “We appreciate Configure’s counsel and support throughout the entire acquisition process and are excited to grow Avtron Power Solutions in partnership with management.”
“We believe Hidden Harbor’s operational focus makes them the perfect partner to execute the carve out of Avtron from Schneider Electric,” Doug Clarida, a managing director at Configure, said. “We are thrilled to have worked with the HHCP team on another successful transaction and look forward to the company’s continued growth with the HHCP team.”
