Mar 31, 2015
Kian Capital is pleased to announce that it has made a senior subordinated debt investment in LOFA Industries, LLC (“LOFA” or the “Company”) to support the acquisition of the Company by Hunters Gate Holdings, LLC (“Hunters Gate”). LOFA, based in Roswell, Georgia, is a leading manufacturer of control systems and accessories for off-highway engine driven equipment, including pumps, air compressors, chippers, materials processors, drillers and generators.
The Company’s products are typically used in harsh environments by equipment that transport water, air, solids or generate electricity. Products are used to control, monitor and protect equipment, and to provide important engine and machine data to equipment owners. Hunters Gate, headquartered in Atlanta, Georgia, is a private investment firm focused on control investments in lower middle-market companies in the Industrial, Energy & Power and Business Services sectors.
Rick Cravey, Partner at Kian Capital, said “We are pleased to support Hunters Gate and are confident that they will add significant value to what is already a very solid business. We are excited to support the Company’s management team as they continue to capitalize on their many growth opportunities.”
Peter Cureton, Managing Partner at Hunters Gate, commented “We are excited to partner with Kian Capital and appreciate the flexibility and quick response they displayed in executing the transaction and believe they have provided a strong capital base for LOFA to continue to execute on its growth strategy.”
We are excited to partner with Kian Capital and appreciate the flexibility and quick response they displayed in executing the transaction and believe they have provided a strong capital base for LOFA to continue to execute on its growth strategy.