Guard Hill Holdings is pleased to announce that its portfolio company, Richland Center Foundry, has completed their successful refinancing with BMO Harris Bank. The refinancing positions Richland Center Foundry with a committed lending partner, and paves the way for new business growth with plans in place for significant capacity expansion and upgrades to the existing facilities through the use of BMO’s extended capital expenditure line of credit.
About Richland Center Foundry
With manufacturing operations located in Richland Center, Wisconsin, Richland Center Foundry is a supplier of large complex ductile and gray iron castings in support of industrial customers that manufacture mining and construction equipment, locomotive powertrains, pumping equipment, stationary diesel engines, and power generation systems.
About Guard Hill Holdings
Guard Hill Holdings is a private equity firm focused on manufacturing companies. Having worked together for over 20 years, completing over 40 transactions such as FreightCar America, Transportation Technologies Inc. and Fuel Systems, the partners of Guard Hill Holdings continue to bring their operating and investment experience to companies fitting with the following characteristics:
• Primarily US-based, niche manufacturers
• Sales in the $50-$250 MM range
• Underperforming businesses that need operating help
• Typically LESS than 10% EBITDA margin, but current profitability is not required
Please contact Anthony Recine with any new opportunities at ARecine@GuardHillHoldings.com, or he can be reached at 914-234-6054.