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
Location
Arizona, United States
Transaction Type
Recapitalization

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