Great Rock Capital closed a $28.8 million senior secured term loan facility for PTC Alliance, a global manufacturer and marketer of drawn over mandrel and electrical resistance welded steel tubing and precision components.
The term loan provided PTC with additional capital to support its acquisition of Metal-Matic. Great Rock Capital partnered with the company’s existing revolver lender, a commercial banking institution, and its equity sponsor, Black Diamond Capital Management, to finance the completion of the acquisition.
“PTC is a long-established global industry leader with a 100-year operating history,” Stuart Armstrong, CEO of Great Rock Capital, said. “We look forward to working with this experienced team and their partners at Black Diamond as they accelerate the expansion of their industry footprint and continue to provide superior products to their customers.”
