Charter Growth Capital Fund Invests in Premier Engineered Products
Colfax Creek-led recapitalization represents Charter Growth Capital Fund s fifth portfolio company
News provided by
Share this article
Share this article
GRAND RAPIDS, Mich., Jan. 20, 2021 /PRNewswire/ Charter Growth Capital Fund (CGCF) today announced its investment in Premier Engineered Products (PEP). CGCF provided mezzanine debt in support of the recapitalization. Birmingham, Michigan-based Colfax Creek is the lead investor in the transaction. Colfax Creek with Mike Ryan formed Premier Engineered Products in January 2019 to recapitalize Appalachian Cast Products (ACP) and integrate Premier Die Casting s production into its facility in Abingdon, Virginia.
Managed by principals of Charter Capital Partners, CGCF invests up to $5 million of mezzanine debt and/or equity capital into lower middle-market companies. The fund supports companies that are seeking funding for growth, succession or recapitalization. W