$17.0 million Senior Credit Facility
Process Insights is a leading designer and manufacturer of sensors and analytical instruments utilized to measure precise levels of gas and liquids in manufacturing processes across a variety of end market segments such as chemicals, semiconductor, energy and life sciences. The Company’s customers rely on the dependability and precision of their products to ensure quality, optimize efficiency and ensure safety.
Union Park Capital established the Process Insights platform in the summer of 2017 and has completed 3 add-on acquisitions in both domestic and international markets to date. The Company wanted to consolidate their debt facilities, establish a revolver for working capital and secure additional funding for future add-on acquisitions.
Crystal agented a $17.0M Senior Credit Facility consisting of a $15.0 million term loan, a $2.0MM revolving credit facility and a $20.0MM accordion to finance additional acquisitions.