Stellus Capital Management, alongside its affiliates, provided senior debt financing to support the acquisition of Norplex Micarta from Industrial Dielectrics by Hidden Harbor Capital Partners.
“Hidden Harbor looks forward to providing operational and financial resources to support the Norplex Micarta team as they scale operations and execute on the company’s growth strategy,” Ben Koch, vice president at Hidden Harbor, said. “We appreciate Stellus’ support on the transaction and look forward to working with the Stellus team as we look to execute on the company’s strategic growth initiatives.”
“We are excited to partner with Hidden Harbor and the Norplex Micarta team,” Gavin Roseman, managing director at Stellus, said. “The company’s unique value proposition combined with Hidden Harbor’s knowledge of the specialty materials sector creates a compelling investment opportunity to capitalize on actionable growth opportunities across a variety of end markets.”
