MEZZANINE

Overview

Castleray provides mezzanine financing solutions to viable middle market and lower middle market companies throughout North America. Such financings can be used for a variety of purposes, from acquisition financing to growth strategies. Such loans typically sit between senior lenders and equity, on the capital stack. Because Castleray owns and operates companies, it is a great partner for such loans as it typically structures such loans in an operator centric manner attempting to provide levels of flexibility preferred by operators. Underwriting is no-drama and adheres to conventional market terms.

“I am excited about the transaction with Castleray and believe they will continue to build upon the 81-year successful track record of Ullman for many more years to come.”

-- Ed Coleman, President of Ullman
“We are honored that Ullman provided us with the opportunity to advise the Company on such an important transaction. We thoroughly enjoyed working with both the Ullman and Castleray teams to bring this to a successful closing.”

-- Justin Marriott, Managing Director of Marriott & Co.
"I’d grown my company from the garage to multi-million in sales, but had come to a point where I needed to merge with a larger player. In both the transaction and the transition, Castleray was remarkably straightforward and reliable. I’m very happy with the results."

-- Jason Williams, Founder/Prior Owner Milestones
“I teamed up with Castleray to recapitalize the company and permit my partners to exit as they desired. I was also able to diversify my assets while positioning our company for future growth. The partnership with Castleray has been exceptional. They give you autonomy to run your business, but they’re available when you need them.”

-- Mark Devlin, President of CIRS
“Partnering with Castleray has offered new opportunities and challenges. We diversified the product-line, beefed up the management team, and grew the company.”

-- Mike Navarro, General Manager of Pro-gard
"As trustee of a CIRS shareholder I chose Castleray because I believed in their knowledge and commitment to continue operations and keep employees. They performed to the purchase agreement and actually prepaid the purchase note ahead of schedule. Their management, after purchase, helped the company increase revenue. The company continues to be successful and is a world leader in tissue simulation."

-- Bruce Holbrook, Partner of Dixon Hughes Goodman
“We founded Alpha Omega Capital Partners in 1999 and sold the company to Transact Capital in 2011. As one of the larger regional firms on the east coast, we work with many private equity firms. We found Castleray to be one of the best. They offered a fair price and delivered as promised, and on time. Due diligence was focused and reasonable. No time was wasted, and the deal was closed with no drama.”

-- Anthony Vincent, Managing Director of Transact Capital
"Technical manufacturing requires clear, cool thinking that can integrate science, finance, people management, and regulatory compliance. Castleray has brought a strong management team to CIRS that has done a first class job of growing the company."

-- W. R. Drury, Founder/President/CEO & Prior Owner of CIRS 1982 - 2007
“Working with Castleray has been a learning experience at every turn. Since joining the Company shortly after the first acquisition almost 8 years ago, I have had the opportunity to assist with the acquisitions and add-ons since. They maintain an entrepreneurial spirit while embedding professionalism and strength in each company.”

-- Donna Giricz, Controller, Midwest Products & Castleray Holdco
“My business needed more attention and professional management than I was able to give due to time constraints. Castleray acted quickly and decisively to acquire the business and put in place a transition and a management plan to allow it to grow under their management. They were a great counterparty to deal with.”

-- David Buzby, Founder/Prior Owner Pikstik
"Castleray acquired our company, ATS Laboratories. We poured our heart and soul into making ATS a market leader in ultrasound quality assurance performance testing. Taking this step was not easy, but Castleray was a welcome breath of fresh air because both parties committed to create a fair and reasonable purchase agreement, that even took care of my employees. Together we did it! "

-- Lynda Hammond, Former President & CEO of ATS Laboratories, Inc.