Golub Capital gives USD 193 million loan facility to Aurora Capital Group for NTS purchase

By Nicel Jane Avellana

Nov 27, 2013 06:34 PM EST

Golub Capital gave a USD 193 million loan to Aurora Capital Group to support its purchase of National Technical Systems Inc or NTS. With principal offices in Chicago and New York, Golub Capital provides finance solutions for the middle market. The GOLD financing obtained by Los Angeles-based private equity firm Aurora Capital is from Golub Capital's proprietary One- Loan Debt Facilities. GOLD financings are Golub Capital's One-Loan Debt facilities. NTS provides testing and engineering solutions to the defense, aerospace, automotive, energy, telecommunications and high technology industries. 

NTS operates one of the biggest networks of test laboraties in North America and has set the standard for independent inspection, testing and certification services. The company customer based includes leading corporations and government-sponsored research and testing facilities all over the world. After Aurora Capital completes its acquisition of the firm, NTS President and CEO William C. McGinnis and his management team will still manage the firm's operations.

Golub Capital Managing Director Troy Oder said in a statement that the company was thrilled to support the Aurora's purchase of NTS. He added, "We believe NTS is a unique platform in an attractive space with an extraordinary management team. We value Aurora's deep industry expertise and disciplined approach to investing, and we are thrilled to close our second transaction alongside them this year."

Aurora Capital Group Partner Michael Marino said Golub Capital gave them outstanding financing execution to support the company's acquisition of NTS. He added, "We have been working hard on this transaction for many months, and Golub supported our efforts throughout the process.  We are thrilled to have a flexible and scalable financing solution in place that is tailored to grow alongside NTS and support its many strategic and operational initiatives."

Golub Capital acted as the sole bookrunner and administrative agent of the transaction. It manages more than USD 8 billion of capital. 

© 2024 VCPOST, All rights reserved. Do not reproduce without permission.

Join the Conversation

Real Time Analytics