Antares Capital served as sole bookrunner, joint lead arranger and administrative agent on a senior secured credit facility to support private equity platform ONCAP‘s recapitalization of Walter Surface Technologies.
Founded in 1952 and headquartered in Montreal, Canada, Walter provides innovative solutions for the metal working industry. Its premium, consumable metal working solutions include abrasives, tooling, power tools, chemical solutions and welding process solutions.
“The Antares team was flexible throughout the process and provided us with an optimal financing solution,” said Wole James, a principal of ONCAP. “We have worked with Antares for many years and we appreciate the focus and speed with which they approach each transaction.”
“Walter is a market leader with a strong management team and workforce dedicated to customer excellence,” said Katie Hockman, managing director of Antares. “With ONCAP’s expertise and track record of successfully partnering with management teams to create meaningful growth, we look forward to this next phase of Walter’s evolution.”