Barings, one of the world’s leading alternative investment managers, announced that it served as lead agent of senior secured credit facilities to support Behrman Capital in its acquisition of Metallizing Service Company (“MSC” or “The Company”).
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Metallizing Service Company is a leading provider of customized protective coatings solutions primarily for commercial and military aerospace engine applications.
“Barings is excited to partner with Behrman Capital through the acquisition of Metallizing Service Company, and we look forward to continuing to support Behrman with financing solutions across future acquisitions,” said Steve Jarvis, Managing Director in Barings’ Global Private Finance Group. “Metallizing Service Company is a differentiated, leading player in the protective engine coatings space and we are impressed by the business’ ability to continue to drive value through its mission critical coatings solutions.”
Grant G. Behrman, Managing Partner of Behrman Capital, said, “MSC is a highly attractive business with deep process know-how, a market-leading reputation for quality, and serves a critical role in the aerospace and defense supply chain. The Company’s technical capabilities, long-standing customer relationships, and qualification-driven positions create a durable foundation for growth. We look forward to partnering with the management team to support MSC’s next phase of evolution, including through continued investment in existing capabilities, capacity, and strategic expansion into adjacent surface technologies and finishing services organically and through M&A.”
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