Toronto, March 29, 2022 (GLOBE NEWSWIRE) — Penfund, an independent provider of junior capital to North American middle-market companies, is today an additional second to portfolio company Arrowhead Engineered Products (“Arrowhead”). Announced the completion of lean debt investment. Of Genstar Capital LLC (“Genstar”). Revenues from Penfund’s investment were used to support the financing of Arrowhead’s acquisition pipeline.
Headquartered in Brain, Minnesota, Arrowhead is a professional supplier and distributor of aftermarket replacement parts for a variety of equipment types across the OPE, power sports, agriculture, industry and automotive industries. The company is an important supply chain partner with a fragmented supplier and customer base in both North America and Europe.
Joe Mattina, a partner at Penfund, said: We are very pleased to continue our partnership with Genstar and support the remarkable growth of Arrowhead. “
About Arrowhead Engineered Products
Arrowhead Engineered Products is a leading supplier of non-discretionary, mission-critical aftermarket replacement parts for a wide variety of automotive and equipment. Based in Brain, Minnesota, Arrowhead is based in the United States, Canada, Europe, Asia and South America.
Penfund is a leading provider of junior capital to middle-market companies across North America. The company is owned by management and is currently investing in a recently established fund, the Penfund Capital Fund VII. Penfund manages funds from pension funds, insurance companies, banks, family offices, and high net worth individuals located in Canada, the United States, the Middle East, and Europe. Since its inception, Penfund has invested more than $ 3 billion in more than 225 companies. Assets under management are approximately $ 2.2 billion.
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Penfund Announces Additional Investment in Arrowhead Engineered Products, Canadian Business Journal
Source link Penfund Announces Additional Investment in Arrowhead Engineered Products, Canadian Business Journal