News & Events

CRYSTAL FINANCIAL AGENTS RECAPITALIZATION FOR KPM ANALYTICS HOLDINGS, LLC

Boston, January 24, 2019

Crystal Financial LLC announced the closing of a $27.5 million Senior Credit Facility for KPM Analytics Holdings, LLC (“KPM” or the “Company”) consisting of a $21.0 million term loan, a $3.0 million revolving credit facility and a $3.5 million delayed draw term loan.  Established in 2015 by private equity firm, Union Park Capital, KPM is a roll up of multiple operating entities, both domestic and international, which are leaders in the analytical instrument sector. 

Proceeds from the transaction will be used to refinance existing debt facilities in multiple jurisdictions, finance working capital needs and provide additional debt capacity for future add-on acquisitions.

“KPM is a demonstrated leader in the manufacture of analytical instruments for a wide range of industrial applications.  It made sense for us to partner with a demonstrated leader like Crystal for our financing.  Their structure met the needs of both our domestic subsidiaries as well as our international operations.  In addition, their ability to quickly respond makes them a great resource for the additional acquisitions we plan to pursue.” said Chris McIntire, CEO of KPM.

Kenny Smith, Managing Director of Crystal Financial added, “We were immediately impressed with the substantial expertise of the Company’s management team in addition to the thoughtful approach to the roll up strategy that Union Park has employed.  We are excited to be their financing partner and look forward to supporting their growth via new acquisitions to the platform.”

Peter McGuire, Partner at Union Park Capital stated “The team at Crystal delivered a comprehensive solution that met our current as well as future needs.  They executed a highly complex transaction in a short time frame.  They are true professionals and we look forward to working with them as our financing partner.” 

 

About Crystal Financial LLC

Crystal Financial LLC, a portfolio company of Solar Capital Ltd. is a leading provider of direct private credit focused on originating, underwriting and managing both asset-based and cash flow financings to middle-market companies. Since inception in 2006, its team of experienced, responsive professionals have provided more than $4 billion in secured debt commitments across a wide range of industries. For more information please visit www.crystalfinco.com.

About KPM Analytics 

KPM Analytics’ premium brands provide instrumentation solutions for food quality and safety, environmental and agriculture applications.  Its market-leading brands include Unity Scientific, Inc., Process Sensors Corporation, Chopin Technologies, and AMS Alliance.  The companies now stand as a strategic group with a common passion for providing solutions and solving our customer’s most challenging problems.  Through this united approach, our customers, big and small, are better served with a broader, more robust scientific instrumentation offering supported by a global network and application expertise.  Its product portfolio includes near infrared (NIR) spectrometers, wet chemistry analyzers, functional analyzers, and sample preparation equipment.  For more information, please visit www.kpmanalytics.com.

About Union Park Capital

Union Park Capital is a private equity firm solely focused on lower middle-market industrial technology companies.  Union Park takes a long-term perspective to help stakeholders build value over time and drives value creation through profitably growing a business, not financial engineering.  Union Park Capital is based in Boston, MA, and has extensive investments and expertise in the analytical instrumentation sector.  For more information, please visit www.union-park.com.

 

CRYSTAL FINANCIAL LLC CONTACT

Cheryl Carner, Senior Managing Director

617-428-8718

ccarner@crystalfinco.com