Controlling equity investment in Advanced Joining Technologies (“AJT”), a full service commercial engineering and manufacturing operation that utilizes the revolutionary friction stir welding process. With its focus on the production welding of aluminum alloys, the company has become a global leader in the application of next generation material combinations. AJT is a supplier to multiple customers in the marine, oil and gas, aerospace, transportation, military and research sectors.
Discounted purchase of the senior secured debt of Cleveland Die & Manufacturing, a multifaceted manufacturing facility encompassing design, engineering, tooling and production. The company, with operations in Middleburg Heights, Ohio and Corregidora Querètaro, Mexico, is a world class supplier of stampings and assemblies for the automotive and appliance industries.
Discounted acquisition of the secured, syndicated debt of FPM Heat Treating. FPM is a leading provider of heat treat processes serving the Greater Midwest Region for over 25 years. FPM offers a wide variety of heat treating processes; serving the needs of over 3,000 customers and meeting the most challenging OEM and military-aerospace specifications. FPM serves all segments of the manufacturing community including: automotive, construction and agricultural equipment, appliance and consumer products, machinery components and tooling.
Discounted purchase of senior secured debt, subsequently converted to a controlling equity position. Founded in 1992, Huntington Foam is a producer of high density polystyrene packaging and insulating products. Among Huntington’s largest customers are Whirlpool, Kohler, American Standard and BMW. The company operates facilities in Pennsylvania, Michigan, South Carolina, Guadalupe, Mexico and Ramos Arizpe, Mexico.
Discounted purchase of secured debt issued by US Cable. US Cable is a privately held MSO (Multiple Systems Operator) that ranks among the top 35 largest cable television companies in the United States, serving nearly 100,000 customers in 6 different states. The company offers a host of video entertainment and communications products ranging from digital video to advanced state-of-the-art broadband Internet access and digital phone services.