Candlewood Partners is pleased to announce that it served as exclusive investment bank and advisor to The GC Companies (“GCC”) in its acquisition of AVANTech, Inc., an innovative provider of nuclear water treatment solutions for the US Department of Energy and Defense, the commercial utility nuclear market and certain industrial end users.
Candlewood’s turnkey acquisition support team assisted GCC in closing the acquisition, including underwriting and financial modeling, diligence review and evaluation, and document negotiation. Candlewood ultimately secured $65M in committed senior debt financing.
Post-closing, Candlewood will continue to support GCC, the Board of Directors and senior management.
AVANTech is an engineering, design and fabrication firm specializing in complex water and wastewater treatment solutions with a sub-focus on nuclear wastewater treatment. Founded in 1999, the Company services a diverse end-customer base including commercial utilities, industrial customers, and the US federal government. The Company provides an array of treatment solutions, including the treatment, processing, recycling, storage and transportation of various forms of hazardous and non-hazardous waste. For more information, visit avantechinc.com.
About GC Companies
GC Companies (“GCC”) is a diversified investment firm whose objective is, among other things, to drive long-term value for investors, companies, shareholders, people and community by striving to build companies better with its wealth of industry expertise. Founded in 2009, GCC is a control-based investor with significant track record of investments in many sectors, including food manufacturing and food service distribution, and government contracting and specialized infrastructure markets in the U.S. and abroad.
About Candlewood Partners
Candlewood Partners is a Cleveland and New York-based boutique investment bank and advisory firm. Since 2001, Candlewood has supported the needs of middle market companies worldwide, successfully tackling complex engagements that others cannot.