Caltius Mezzanine Provides $20.2 Million to J-B Weld
December 15, 2012
Caltius Mezzanine is pleased to announce the recent closing of a $20.2 million investment in J-B Weld. Headquartered in Sulphur Springs, TX, J-B Weld develops, formulates, markets, distributes and sells a branded line of cold-weld epoxy adhesives to consumers and professionals in both the automotive and hardware market segments.
Founded in 1969, J-B Weld is a leader in its category, with a range of premium products recognized for their strength of bond, overall performance, durability and value. More information on J-B Weld can be found at www.jbweld.com.
The proceeds from Caltius’ investment were used to refinance the company’s existing debt and fund management’s repurchase of shares held by outside investors.
“We are excited to have Caltius as our financial partner,” said Chip Hanson, CEO of J-B Weld. “Caltius structured a creative financing solution that met our needs and enabled us to close our share repurchase in an expedited time frame.”
“The company’s strong track record, superior products and loyal customer base has given J-B Weld a wellearned reputation as a market leader,” said Gavin Bates, Principal of Caltius Mezzanine. “We are thrilled to partner with Chip Hanson, his management team and such an exceptional company.”
Based in Los Angeles, Caltius Mezzanine provides innovative capital solutions in amounts of $10 to $100 million to middle market companies throughout North America. Since its founding in 1997, Caltius Mezzanine has invested over $900 million in a broad range of industries to support acquisitions, recapitalizations, buyouts, and organic growth. Caltius Mezzanine is currently investing out of its fourth fund, Caltius Partners IV, LP, a $500 million fund that closed in May 2008. For more information or to refer an investment opportunity, please call us at (310) 996-9585.