Golub Capital Provides C$170 Million One-Loan Debt Facility to Support the Buyout of SureWerx, Inc. by The Riverside Company

NEW YORK, Nov. 7, 2018 /PRNewswire/ -- Golub Capital recently announced that, as Administrative Agent, Sole Lead Arranger and Sole Bookrunner, it provided a C$170 million GOLD facility to support the buyout of SureWerx, Inc. ("SureWerx" or "the Company") by The Riverside Company ("Riverside"). GOLD financings are Golub Capital One-Loan Debt facilities.

SureWerx, based in Vancouver, BC, is a leading supplier of branded tools, equipment and safety products for the industrial maintenance, repair and operations (MRO), automotive aftermarket, energy and construction markets. The Company operates through nine proprietary brands, serving as a one-stop shop platform to address the continuously evolving needs of professional workers across multiple channels and product categories. SureWerx demonstrated strong growth in recent years as it expanded into the U.S. The Company built a well-respected safety business based on its strong reputation and long history in the tools and equipment space.

"We are pleased to partner again with Golub Capital," said Brad Roberts, Partner at Riverside. "They offered a flexible and scalable unitranche solution in Canadian dollars that allowed us to complete this buyout efficiently."

"SureWerx's impressive U.S. expansion, combined with a growing need for infrastructure construction projects in the U.S. and Canada, made the Company an attractive investment for Golub Capital," said Greg Cashman, Senior Managing Director at Golub Capital.  "The expansion in our foreign currency capabilities allowed us to offer a compelling financing solution to Riverside that fits their growth plans."

About Golub Capital Middle Market Lending
Golub Capital's Middle Market Lending group provides financing for middle market, private equity-backed transactions with hold positions of up to $600 million and is an arranger of credit facilities up to $1 billion. Golub Capital's award-winning team specializes in delivering reliable, creative and compelling financing solutions to U.S. middle market companies backed by private equity sponsors.

Golub Capital is a market-leading, award-winning private debt platform with over $25 billion of capital under management. The Middle Market Lending team has particular domain expertise in select industries, including software, technology services, healthcare, consumer and restaurant and retail. The firm's credit expertise also forms the foundation of its Late Stage Lending business and its Broadly Syndicated Loan investment program. Across its activities, Golub Capital nurtures long-term, win-win partnerships that inspire repeat business from its private equity sponsor clients and investors. Founded in 1994, Golub Capital today has over 350 employees and lending offices in Chicago, New York and San Francisco. For more information, please visit golubcapital.com.

About The Riverside Company
The Riverside Company is a global private equity firm focused on making control and non-control investments in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 560 transactions. The firm's international portfolio includes more than 80 companies.

About SureWerx, Inc.
Headquartered in Vancouver, Canada, SureWerx™ is a leading supplier of professional tool, equipment and safety products for workers. SureWerx markets its products in Canada under the JET®, Strongarm®, ITC®, STARTECH®, Pioneer®, Ranpro®, PeakWorks®, and Sellstrom® brands, and in the United States under the American Forge & Foundry®, Pioneer, Ranpro, PeakWorks, and Sellstrom brands. SureWerx offers an unparalleled access to its brands through its partner distributor network servicing the industrial, construction, safety, and automotive aftermarket in North America. SureWerx is owned by Penfund, one of Canada's oldest independent private equity firms. For more information, please visit us at www.surewerx.com or www.surewerx.ca.

SOURCE Golub Capital

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