Deal Details

Sunbelt Solomon Completes Debt Financing

Technology & Services

Sunbelt Solomon, a portfolio company of Trilantic, debt financing

Summary

Sunbelt Solomon (“Sunbelt Solomon” or the “Company”), a portfolio company of Trilantic North America (“Trilantic”), recently completed a secured debt financing (the “Financing”). The Financing consisted of a senior term loan, revolving credit facility, and delayed draw term loan facility. Sunbelt Solomon will use the proceeds of the Financing in connection with the transfer of the business into a Continuation Vehicle.

Baird served as the exclusive debt advisor to Sunbelt Solomon on this transaction.

About

Sunbelt Solomon provides full-lifecycle services and solutions for transformers, switchgear and related critical electrical infrastructure equipment for a diverse set of customers including power generators, renewables operators, utilities and commercial-industrial end users. The Company’s main product lines include service centers (reconditioning/repairing/recycling of transformers), engineered services (value-add service for customers) and on-premise services (rental and field services). Headquartered in Temple, Texas and Solomon, Kansas, Sunbelt Solomon operates out of more than a dozen facilities across North America, generating over $350 million in annual revenues.

Founded in 2009, Trilantic North America (“Trilantic”) has managed six private equity fund families with aggregate capital commitments of $9.9 billion. Trilantic focuses on control and non-control equity investments targeting the services, consumer and energy sectors, and has a history of partnering with founders, families and management teams to build market-leading companies. Since Trilantic Fund III was raised in 2004, Trilantic’s Principals have invested approximately $8.0 billion in nearly 70 companies and possess over 350 years of combined investing experience.