Stellus Capital Management, LLC Provides Unitranche Financing in Support of Angeles Equity Partners’ Acquisition of Primus AerospaceJun 29, 2021
Houston – TX, June 29, 2021 – Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided unitranche financing and an equity co-investment to support the acquisition of Primus Aerospace (“Primus”) by an affiliate of Angeles Equity Partners, LLC (“AEP”).
Primus, founded in 1998 and located in Lakewood, CO, is a manufacturer of complex precision components for the aerospace, defense, and space sectors. Primus serves several of the premier prime contractors and original equipment manufacturers for many of the industry’s most strategic platforms and programs.
Sameer Patel, Principal at AEP, said, “We are excited to partner with Stellus. The team worked diligently alongside us throughout the process and consistently met various transaction milestones. We believe Stellus will serve as an outstanding partner to help scale the business organically and via bolt-on acquisitions.”
Adam Pollock, Managing Director at Stellus, added, “We expect Primus’ market positioning, performance track record, industry relationships, and unparalleled technical capabilities will be catalysts for future growth. We are excited for the future of the business, and appreciative of the opportunity to support both AEP and the Primus management team.”
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