We appreciate Configure’s counsel and support throughout the entire acquisition process and are excited to grow Avtron Power Solutions in partnership with management.
Configure Partners Advises Hidden Harbor on its Acquisition Financing of Avtron Power Solutions
Atlanta, GA — Configure Partners, LLC (“Configure”), a leading middle-market investment bank, is pleased to announce its role as exclusive financing advisor to Hidden Harbor Capital Partners (“Hidden Harbor” or “HHCP”) in securing committed debt capital to support HHCP’s acquisition of Avtron Power Solutions (“Avtron” or the “Company”), the global market leader in the design and manufacture of Load Banks, a critical solution for the testing and measurement of backup power systems.
Configure supported all aspects of the debt financing process including lender approach, structuring, and negotiating the financing-related documentation for the acquisition.
“Configure ran an efficient process and delivered an attractive financing commitment on a tight timeline,” said Russell Kreutter, Principal at Hidden Harbor. “We appreciate Configure’s counsel and support throughout the entire acquisition process and are excited to grow Avtron Power Solutions in partnership with management.”
Doug Clarida, a Managing Director at Configure, commented, “We believe Hidden Harbor’s operational focus makes them the perfect partner to execute the carve out of Avtron from Schneider Electric. We are thrilled to have worked with the HHCP team on another successful transaction and look forward to the Company’s continued growth with the HHCP team.”
About Avtron Power Solutions (https://avtronpower.com/)
Based in Cleveland, Ohio, Avtron Power Solutions has been the market leader in load bank technology and manufacturing for over 50 years. Through decades of maintaining a strong reputation for industry-leading quality and flexibility to meet unique customer specifications, Avtron has become the provider of choice for the world’s healthcare facilities, data centers, government, equipment rental companies, generator OEMs, new energy landscape and power generation companies. The company’s engineering, configuration, and manufacturing expertise, as well as its proprietary SIGMA control platform, has sustained its market position and made it the partner of choice to ensure the reliability and performance of its customers’ backup power solutions.
About Hidden Harbor Capital Partners (www.hh-cp.com)
Hidden Harbor Capital Partners is a private equity firm that helps create business success stories by building teams focused on execution. Hidden Harbor believes that great companies are built on a strong group of people as their foundation, and that businesses succeed when they are intensely focused on executing a small set of well-defined objectives. Hidden Harbor currently manages over $700 million of equity capital and is investing out of its second fund, a $450 million vehicle. To learn more, visit www.hh-cp.com and the firm’s page on LinkedIn.
About Configure Partners (www.configurepartners.com)
Configure Partners is a preeminent credit-oriented middle market advisory boutique headquartered in Atlanta. The firm provides investment banking and financial advisory services surrounding credit and creditor’s rights, providing actionable advice and results-oriented execution. Configure’s Debt Placement practice designs bespoke financing solutions for borrowers to support leveraged buyouts, acquisitions, 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.
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