GLM provides components, maintenance, and repairs to gas turbines, centrifugal gas compressors, pumps, gearboxes, and generators used in the energy industry throughout the continental United States and Alaska. GLM specializes in overhauling and parts manufacturing of Solar, GE, and Siemens gas turbines. Caltius Structured Capital provided mezzanine debt and a significant minority equity investment to facilitate a management buyout in partnership with D’Orazio Capital Partners, LLC, a Chicago-based private equity firm.
“We are pleased to partner with the Caltius Structured Capital team. Caltius worked hard to quickly understand GLM and the market opportunity we see. Importantly, Caltius was able to provide a full junior capital solution, involving both debt and equity investments, that gave us certainty of close as we worked through the investment process.”
John Broucek, IV, Senior Managing Director, D’Orazio Capital Partners, LLC