#None #Chicago #Advanced Manufacturing #Credit Facility #The Partner Companies

The Partner Companies Completes Major Credit Facility

The Partner Companies (TPC), a recognized player in the advanced manufacturing sector based in the U.S., has recently announced the successful completion of a substantial $200 million syndicated credit facility. This facility, primarily led by Huntington Bank, marks a significant step towards fortifying TPC's capital foundation, enabling long-term flexibility needed to support the company's strategic growth path and initiatives.

This credit facility was finalized on September 30, and it will play a crucial role in a variety of operational areas. These include providing permanent capital for current operations, fueling organic growth initiatives, and securing funding for future mergers and acquisitions. The funding is strategically aligned with TPC’s vision of accelerating growth across its diverse portfolio of 11 specialized manufacturing brands.

Current Growth Momentum

Recent trends indicate that TPC is experiencing robust growth momentum in its core sectors, which is largely driven by an increasing demand for advanced manufacturing technologies, precision-engineered components, and a strong emphasis on supply chain security. This newly acquired capital is earmarked for facility expansions, investments in equipment, and the enhancement of TPC's integrated manufacturing capabilities, all geared towards refining operational efficiency and meeting customer needs.

Christian Streu, Chief Financial Officer of TPC, emphasized the long-term vision encapsulated by this financial move, stating, "This facility reinforces our long-term commitment to building a resilient and innovative advanced manufacturing leader. Operating as one integrated company across specialized brands, TPC is uniquely positioned to solve complex challenges that demand precision, consistency, and cross-capability collaboration. This investment allows us to expand where demand is strongest and accelerate our commitment to next-generation technology and talent."

Patrice DeCorrevont, the Illinois/Wisconsin regional president at Huntington Bank, echoed this sentiment, expressing pride in their partnership with TPC, mentioning, "This facility supports TPC's approach to advancing private companies that drive leading-edge manufacturing technologies. Our partnership provides long-term capital to back the continued growth and evolution of TPC's platform, both in the U.S. and across global markets."

Focus on Global Manufacturing Capability

Since its inception, TPC has focused on building a robust manufacturing footprint and technological capabilities. Since 2020, the company has strategically expanded by introducing five specialized brands, thereby enhancing its ability to cater to increasingly complex customer requirements. The recent developments in manufacturing capabilities include names such as Precision Eforming, UPG, Pinnacle Precision, Photofabrication Engineering, Inc., and LT Precision.

The $200 million credit facility is intended to fuel TPC's growth across three pivotal areas:
1. Capacity Expansion: There will be investments in additional manufacturing equipment and automation to satisfy the increasing customer demand across various sectors, including aerospace, defense, energy, and medical technology.
2. Technology Advancement: TPC is committed to continually investing in next-generation manufacturing methods and engineering capabilities. This will enable TPC to address the growing complexity of technical challenges faced by its customers.
3. Manufacturing Footprint Growth: The company will selectively expand its specialized manufacturing capabilities geographically, which will enhance TPC's capacity to serve clients requiring localized production, global reach, rapid response, and multi-process integration.

Streu concluded by mentioning, "By reinforcing our U.S. manufacturing base and investing in our global presence, this financing strengthens our ability to drive innovation that keeps our operations, and our partners, a step ahead."

About The Partner Companies

Founded in 2010, The Partner Companies has established a strong global presence as a diversified manufacturing entity, providing mission-critical solutions for various sectors, including aerospace, defense, clean energy, medical, and technology industries. TPC currently comprises 11 specialty manufacturers operating in the U.S., U.K., Mexico, and Asia, including brands known for their excellence in photochemical etching, ceramic metallization, and various core manufacturing capabilities such as injection molding, machining, and metal fabrication.

The company is dedicated to fostering each member entity with expertise in business growth, finance, and supply chain management, thereby creating a cohesive and effective operational ecosystem. For further insights on TPC and its specialized manufacturing brands, visit thepartnercos.com.