Atlanta, GA — Configure Partners, an investment banking platform specializing in debt placement and credit resolution services, announced today that it served as the exclusive financial advisor to Stellex Capital Management in securing committed debt capital to support the refinancing of FerroWorks, LLC, a portfolio company of Stellex.

Headquartered in Pittsburgh, PA, FerroWorks has continuously operated since 1869. FerroWorks manufactures cast, forged, and machined products for a variety of rail and industrial applications through the company’s primary business entities, McConway & Torley and Standard Forged Products.

Stellex is a New York-based private equity firm that invests in middle-market companies in North America and Europe. The firm has a strong history of catalyzing growth and supporting its portfolio companies in becoming leading enterprises through operational transformations.

Configure supported all aspects of the financing process, including lender screening, approach to market, transaction structuring, and negotiation of the financing-related documentation.

“The Configure team assisted in securing an ideal financing solution with a supportive lending partner,” said Stellex Vice President Shaan Gurnani. “FerroWorks’ new capital structure aims to provide additional flexibility as we seek to unlock various avenues of growth in the company’s capabilities. Configure’s active involvement throughout the process and positioning of the company’s value proposition was instrumental in driving a strong result.”

“We are thrilled to have partnered again with the Stellex team on a successful refinancing,” commented Configure Managing Director Doug Clarida. “We have no doubt that this transaction, coupled with a supportive sponsor and experienced management team, will help bolster and position FerroWorks for the future.”

About FerroWorks (www.ferroworks.com)
With roots dating back to 1869, FerroWorks, comprised of McConway & Torley and Standard Forged Products, is a leading manufacturer of cast, forged, and machined products for rail and industrial applications. Through these business entities, FerroWorks offers its expansive customer base a comprehensive product offering inclusive of couplers, yokes, knuckles, axles, crankshafts, and other specialized industrial products. FerroWorks boasts a strong management team with extensive expertise in engineered solutions for industrial applications.

About Stellex Capital Management (www.stellexcapital.com)
With offices in New York, Pittsburgh, Detroit, and London, Stellex Capital is a private equity firm with over $3.9 billion in AUM. Stellex seeks to identify and deploy capital in opportunities that stand to benefit from its operationally focused and hands-on approach to investing. Portfolio companies are supported by Stellex’s industry knowledge, operating capabilities, a network of senior executives, strategic insights, and access to capital. Sectors of particular focus include aerospace, defense & government services, transportation & logistics, manufacturing, real economy & business services, industrial tech, food processing, and tech-enabled services.

About Configure Partners (www.configurepartners.com)
Configure Partners is a preeminent credit-oriented investment bank headquartered in Atlanta. The firm specializes in debt placement, special situations, and M&A advisory, providing superior client service and execution to private equity sponsors in acquisition finance, refinancing, and dividend recapitalization transactions. The firm’s credit resolution and special situations practice is the trusted advisor for stakeholders confronting capital structure challenges. Our people-smart team of bankers differentiates through real-time knowledge of the debt capital markets and becomes a true extension of our client’s teams, delivering unmatched results and an exceptional client experience.