Engineered Controls International, a portfolio company of Windjammer Capital Investors, has been refinanced
The financing is comprised of new revolving and unitranche credit facilities provided by Bain Capital, Silver Point Capital and Antares Capital.
ECI is an industry-leading manufacturer of flow control equipment components that are primarily used in the transportation, delivery and storage of liquefied petroleum gas (e.g. propane), liquefied natural gas and cryogenic industrial gases. ECI’s leading brands, which include RegO, Goddard, Superior Products and Macro Technologies, have developed a reputation for superior quality and reliability. ECI’s products are primarily manufactured in US-based facilities that use proprietary automation processes to minimize labor costs and have helped the company maintain an efficient yet scalable cost structure.
As the company’s exclusive financial advisor, Lincoln worked closely with ECI’s senior management team and Windjammer on all aspects of the transaction helping to structure, arrange and negotiate the terms of the financing.
Paul Burmeister, CFO of ECI, commented, “With the successful completion of the financing, ECI is well positioned to build on its strong momentum in recent quarters and continue pursuing multiple near-term growth initiatives.”
Lincoln International acted as the exclusive financial advisor to ECI, working closely with the management team and shareholders throughout the financing process. This included providing advisory expertise and managing the marketing, negotiation and due diligence phases of the transaction. The terms of the transaction were not disclosed.
The team at Lincoln ran a very efficient, yet thorough process that resulted in the ideal outcome.
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