Livingstone Chicago is pleased to announce the successful raising of acquisition financing for Die Cast Holdings, Inc., a portfolio company of Calvert Street Capital Partners. The PrivateBank and Trust Company provided the financing for Die Cast Holdings’ acquisition of Sensus Precision Die Casting, Inc.
Headquartered in Russellville, Kentucky, Sensus Precision Die Casting is a leading supplier of lightweight, low-porosity, high-pressure aluminum die castings to the transportation market in North America. Since its founding in 1956, SPDC has provided a comprehensive portfolio of aluminum die cast solutions for compressor, brake, steering and powertrain applications to a blue-chip customer base comprised of global OEMs and Tier I auto suppliers.
“We needed an advisor that understood the capital needs of our business along with the growth strategy going forward and Livingstone ran a comprehensive process that produced several options which met our objectives,” said Andy John, a Managing Director at Calvert Street Capital Partners. “We ultimately selected The PrivateBank, and we worked with them to structure a financing that is appropriate for the business and provides us with ample liquidity for future growth.”
“The SPDC acquisition financing represents our second transaction with Calvert Street Capital and demonstrates Livingstone’s ability to be valuable partner in both sponsored and non-sponsored transactions,” commented Livingstone Chicago’s Debt Advisory Director Tom Lesch.