Growth financing to support mission-critical
aerospace companies
WESTPORT, Conn., July 30,
2024 /PRNewswire/ -- Great Rock Capital, an
asset-focused commercial finance company specializing in middle
market lending, today announced that they have provided
$75 million in total capital to three
NWI affiliates. The NWI companies deliver high precision complex
machined components, sub-assemblies, and complete major assemblies
of aviation components, along with components for some industrial
companies across the globe. The credit facilities, which include
two revolving lines of credit and a term loan, will provide
flexible growth capital for sister companies, NWI Nashville, Utica
Realty Nashville, and NWI Wichita – all portfolio companies of The
Stony Point Group.
"The NWI companies are mission-critical suppliers to the
aerospace industry," said Stuart
Armstrong, CEO of Great Rock Capital. "Their
industry-leading manufacturing expertise, superior leadership, and
ongoing support from their owners will drive the continued success
of their businesses."
"We have established a strong partnership with Great Rock over
recent years, beginning with a working capital facility for NWI
Nashville," commented Bernie Stanek,
CEO of Stony Point Group. "They understand the growth potential and
liquidity needs of the NWI companies, and they have demonstrated a
positive and practical approach to both closing and managing their
credit facilities. I look forward to expanding our relationship as
we work together to support the future growth objectives of NWI
Nashville, NWI Wichita, and Utica Realty Nashville."
About Great Rock Capital
Great Rock Capital is an
asset-focused commercial finance company that specializes in
serving the needs of middle market companies across the United States and Canada. The Company provides fast, flexible,
and creative financing solutions that maximize liquidity and
provide growth capital. The senior secured credit facilities
offered by the firm range in size from $10MM to $100MM and include
working capital, term-heavy, and term-only loan structures not
provided by traditional commercial lenders. The firm has
significant capital commitments from its partners, a private equity
business and a large institutional investor. To learn more, visit
www.greatrockcapital.com.
About The Stony Point Group
The Stony Point
Group is a family front office focused on investing in middle
market manufacturing companies in the aerospace and defense
industry. For more information, visit their website at
www.stonypoint.com.
About NWI Nashville
NWI Nashville, LLC is a focused
factory for long and large aluminum machining, forming, processing,
and structural assembly up to 100 feet in length operating in a
1,000,000 sq. ft facility in Nashville,
TN. With over 80 years of experience and a focus only on
long and large aluminum parts and assemblies, NWI Nashville excels
at Making Complex Structures Simple for its
aerospace and adjacent market customers. More information about NWI
Nashville, LLC can be found on the company website at
www.nwiaero.com.
About NWI Wichita
NWI Wichita, LLC is a focused
factory for high speed, monolithic aluminum machining and
subassembly up to 4 meters in length operating in a 200,000 sq. ft
facility in Park City, KS. With 20
5-Axis machines, load/unload stations, and 116 pallets, NWI Wichita
offers scalability and simple solutions for complex structures
supporting commercial and military aerospace customers, satellite
and launch vehicle customers, and semiconductor manufacturers. More
information about NWI Wichita, LLC can be found on the company
website at www.nwiaero.com.
Great Rock Capital Contact:
Jenn Cronin
Managing Director, Marketing and Business Development
(203) 557- 6277
cronin@greatrockcapital.com
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SOURCE Great Rock Capital