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Golub Capital Provides Financing in Support of Harbour Group Industries ...

Headquartered in Danville, IL, Watchfire designs, manufactures and markets digital LED panels and related software and services for a variety of commercial outdoor applications, including on-site signs and digital billboards.Watchfire is the first company in the digital display panel and display industry to obtain the UL Greenleaf, making their devices the most energy efficient LED signs available.

Backed by more than 50 years experience lighting, Ventura, California-based designs SloanLED, manufactures and markets LED lighting systems for use in commercial and industrial applications for signs, spas, screen detail and refrigeration units. With a European sales office in the Netherlands, SloanLED is positioned to support the market multiple locations and manage costs and manufacturing around the world.

"Watchfire SloanLED and exhibited outstanding performance throughout their history of exploitation, including through the most recent recession. With their market leadership and differentiated products and services, as Watchfire SloanLED and are well placed to capitalize on attractive market dynamics in the LED lighting industry. The Harbour Group and the management team are world class operators, and we are delighted to partner with them in support of the recapitalization " said Charlie Riceman, a Managing Director Capital Golub.

"We worked with Golub Capital on a number of transactions in the past, including our initial acquisition of SloanLED. Consistent with our past experience, the ability to offer Golub added value financial solutions through any part of the capital structure enabled us to quickly certainty around the structure of this transaction. We look forward to closing the transaction with Golub further in the future, "said Mike Santoni, Chief Financial Officer at Harbour.

About Golub Capital

With $ 4.8 billion of capital under management, Golub Capital is a leading provider of financing solutions to middle market, including gold (loan) financing (via the company exclusive OR), senior, second-tier and subordinated debt, preferred shares and co-investment in shares.