Gallant Capital Partners Recapitalizes Cassavant Machining
February 20, 2020
Gallant Capital Partners completed a recapitalization and growth investment in Cassavant Machining, partnering with founders Joe Cassavant Jr. and Ed Cassavant, who remain significant shareholders. Comvest Credit Partners (with TCW Group) provided a $92.2 million senior secured credit facility to support the transaction and refinance existing debt; Gallant plans to expand Cassavant's manufacturing capabilities and pursue organic growth and strategic acquisitions.
- Buyers
- Gallant Capital Partners, Comvest Credit Partners, TCW Group
- Targets
- Cassavant Machining, Inc.
- Sellers
- Joe Cassavant Jr., Ed Cassavant
- Industry
- Aerospace & Defense
- Location
- Arizona, United States
- Transaction Type
- Recapitalization
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