Twin Brook Capital Partners, the middle market direct lending arm of Angelo Gordon, served as administrative agent for a $39 million facility to support Kinderhook Industries acquisition of Copperweld Bimetallics.
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Headquartered in Fayetteville, TN, Copperweld is a supplier of bimetallic wiring products and the only domestic producer of copper clad steel and copper clad aluminum wire.
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Copperweld will continue to operate under its current management team following the transaction.
“Kinderhook is an ideal partner for Copperweld and shares our vision for the future growth of the company,” said Craig York, chief executive officer of Copperweld. “We are all very excited about the next chapter as we continue to broaden our customer base, expand our capabilities and prove the superiority of our products in a wide range of applications.”
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Kirkland & Ellis served as legal counsel to Kinderhook.
