Patriot Capital is pleased to announce its support of the strategic acquisition of certain facilities of machining supplier General Products Corporation by AAA Sales & Engineering, Inc. and Industrial Opportunity Partners. Proceeds of Patriot's investment were used to enable AAASE to acquire substantially all of the business, operations and assets of GPC's Angola, IN facility, the stock of its subsidiary in San Luis Potosi, Mexico along with the assumption of certain liabilities.
AAASE is a precision machiner of large, complex machined iron castings for customers primarily in the agricultural equipment and off-highway vehicle markets. GPC focuses on providing drivetrain-related products for automotive and commercial vehicle applications. The acquisition of GPC provides a strategic diversification of AAASE's manufacturing footprint and customer base, as well as an expansion of the product offering. The company will operate under the AAASE brand at its three manufacturing locations in Angola, IN; San Luis Potosi, Mexico and Oak Creek, WI.
About Patriot Capital
Patriot Capital is a leading source of growth capital for middle-market companies seeking to finance business expansion, acquisitions, management buyouts or balance sheet recapitalizations. Patriot Capital is focused on debt capital and minority equity investments. Our senior deal professionals each have over 20 years of diverse corporate finance experience. We provide companies with capital and seasoned business judgment for transactions.
Patriot Capital utilizes a disciplined investment strategy developed over many years that focuses on capital preservation, consistent earnings growth and income generation. Patriot Capital has invested in and managed companies successfully through varying periods of economic expansion and contraction. We understand and employ successful strategies and tactics needed to guide our companies through these periods.