Capstone Partners advised The Partner Companies (TPC)— a Chicago-based global network of advanced manufacturers — on the closing of $35 million in junior debt financing, the proceeds of which were used to partially refinance senior debt and provide growth capital, supporting TPC’s advanced manufacturers’ creation of high precision technical products that supply innovators in the aerospace, defense, clean energy, medical and technology industries. The financing will also support TPC’s long-term strategy of identifying, evaluating and acquiring companies that expand its capabilities and capacity to best serve its customers.
TPC operates ten advanced manufacturers and supports each member entity with expertise in business growth, operations, finance, human resources, and supply chain management. TPC and its advanced manufacturers offer a diversified mix of specialized fabrication services including photofabrication, optics production, and precision machining to a diverse blue-chip customer base of over 500 global companies. TPC’s network operates throughout the United States, Mexico, China, and the United Kingdom. For more information, visit www.thepartnercos.com.
“Through this debt refinancing and capital growth expansion, we’re looking forward to continuing our growth trajectory by making significant strides in both organic growth and strategic acquisitions across the advanced manufacturing landscape spanning all of the industries we serve,” said Christian Streu, Chief Financial Officer at TPC. “Capstone Partners has been a trusted partner and advisor throughout this process, and we look forward to TPC’s growth trajectory as a result.”
Brad Stewart, Managing Director in Capstone’s Debt Advisory Group, commented “TPC is very much a relationship-oriented company, and we were very pleased to have earned their trust to advise them on this important refinancing and growth capital transaction. We look forward to continuing to our relationship with the TPC team as they grow and identify future growth capital needs.”
About The Partner Companies
The Partner Companies (TPC), a global diversified manufacturing company that creates mission-critical solutions for innovators in the aerospace, defense, clean energy, medical, technology, and telecom industries. Founded in 1997, TPC has grown into an international leader with 10 specialty manufacturer in the United States, China and Wales: E-Fab, Elcon, Fotofab, Lattice Materials, L&T Precision, Microphoto, Optiforms, PEI, Pinnacle Precision and UPG. TPC’s specialty manufacturers specialize in photochemical etching, ceramic metallization, crystal growth and electropolishing along with core manufacturing capabilities such as injection molding, machining, metal fabrication and finishing. TPC supports each member entity with expertise in business growth, finance, human resources, supply chain management and more. For more information about TPC and its specialty manufacturers, visit thepartnercos.com.
About Capstone Partners
The expert investment banking professionals in Capstone Partners’ Debt Advisory Group help privately-owned and sponsor-backed companies secure debt capital for a variety of uses including organic growth, acquisitions, dividend recapitalizations, and refinancing. The team works closely with clients to optimize their debt structures and secure the best long-term institutional partners, leveraging the talents and expertise of our industry specialists to ensure that their financing strategy and positioning results in maximum credit market receptivity. For more information about raising capital with Capstone Partners’ Debt Advisory Group or about its vast array of investment banking services, contact Capstone Partners.
