October 28, 2019
Atlanta, GA – Configure Partners, LLC ("Configure"), a leading middle-market investment bank, is pleased to announce the successful completion of a financing in support of Hidden Harbor Capital Partners’ ("Hidden Harbor") acquisition of KT-Grant, Inc. ("KTG"), the leading provider of refractory tear-out and other critical maintenance services to a wide variety of industrial customers.
Configure principals acted as the exclusive financing advisor to Hidden Harbor in connection with securing debt financing from Czech Asset Management, L.P. to facilitate the acquisition of KTG. Configure supported all aspects of the financing process, including lender approach, structuring, and negotiating the financing for the acquisition.
"Configure acted as an extension of our deal team, allowing us to focus our attention on the due diligence process and tactical aspects of the transaction," said Russell Kreutter, Vice President at Hidden Harbor. "Hidden Harbor has worked with Configure on prior transactions and once again Configure delivered a very compelling financing solution in support of our investment in KTG."
Doug Clarida, Managing Director of Configure commented, "It was a pleasure working with Hidden Harbor and KTG on another great addition to Hidden Harbor’s portfolio. We are fortunate to have our relationship with Hidden Harbor and we look forward to the success of their newest investment."
About KT-Grant, Inc. (kt-grant.com)
KT-Grant is the industry leader in providing turnkey refractory, slag, and scale removal services in confined, high-risk environments. KT-Grant’s substantial service fleet is comprised of over 500 pieces of specialty equipment, designed by KT-Grant engineers and purpose-built in its Export, PA manufacturing facility. KT-Grant’s equipment and expert operators are utilized in a wide variety of industries and applications, from civil demolition to cement and lime kilns to ferrous and non-ferrous metal production facilities. KT-Grant provides 24/7/365 service from five branch locations which are strategically located to respond to critical customer outages, facilitate efficient and safe process equipment turnaround, and positively impact your bottom line via increased process equipment availability.
About Hidden Harbor Capital Partners (hh-cp.com)
Hidden Harbor Capital Partners is a private equity firm with an operations soul and intense passion for building great companies. Hidden Harbor brings large-scale, private equity experience and resources to the lower middle market with a focus on value-oriented, operationally intense situations. Its principals are InvestorOperators® who bring over 55 years of both extensive transaction and operating experience to truly understand your business. As one team, they partner and work hand-in-hand with their portfolio companies to drive business successes.
About Configure Partners (configurepartners.com)
Configure Partners is a preeminent credit-oriented middle-market advisory boutique firm with offices in Atlanta and New York City. Configure provides investment banking and financial advisory services surrounding credit and creditor's rights, providing actionable advice and results-oriented execution. Configure's Debt Advisory practice designs bespoke financing solutions for borrowers to support leveraged buyouts, acquisitions, refinancings, and dividend recaps, among other strategic objectives. The firm's Credit Resolutions practice is the trusted advisor to lenders and their borrowers when confronting business, liquidity, or capital structure challenges. In 2018, the firm executed transactions representing more than $1.4 billion in value, including GST Autoleather, Cloyes Gear & Products, Welcov Healthcare, Masterwork Electronics, and German Pellets Texas as well as several other non-public transactions. Configure principals acted in their capacity as securities agents of unaffiliated broker-dealer Burch & Company, Inc., member FINRA/SiPC.
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