LOS ANGELES--(BUSINESS WIRE)--Caltius Structured Capital is pleased to announce the closing of a junior capital investment in Bulk Handling Systems (BHS; www.bulkhandlingsystems.com) as a co-investor in a transaction led by True West Capital Partners. Eugene, Oregon-based BHS will use the capital infusion to accelerate its growth strategy.
BHS is a worldwide leader in the innovative design, engineering, manufacturing and installation of sorting systems and components for the solid waste, recycling, waste-to-energy and construction and demolition industries. It has built some of the largest and most durable material recovery facilities (MRFs) in the world, which are achieving industry-leading throughput, recovery and purity rates. BHS is internationally-respected for its experience and dedication to cutting-edge technology. Its Max-AI™ technology is breakthrough artificial intelligence that identifies materials, makes intelligent decisions and directs equipment such as robotic sorters.
“We successfully partnered with BHS in 2008, providing financing for a management buyout,” said Michael Kane, managing director of Caltius Structured Capital. “While BHS repaid our loan in 2012, we have remained a shareholder of the company. When we learned BHS was in the market for growth financing, we jumped at the opportunity to participate.”
“Caltius has been a great financial partner for the past ten years, providing excellent insights as well as capital,” noted Steve Miller, president and CEO of Bulk Handling Systems. “We’re very happy to have them participate in our new financing, especially because their renewed commitment validates our strong growth prospects as a result of our superior technologies and products.”
About Caltius Structured Capital
Caltius Structured Capital provides owners of middle market companies throughout North America with capital solutions for liquidity events and growth opportunities. Caltius Structured Capital invests from $7 million to $50 million in companies with positive cash flow, designing flexible capital structures including subordinated debt, minority/structured equity and unitranches. Currently celebrating its 20th anniversary and investing from its 5th fund complex, Los Angeles-based Caltius Structured Capital has invested approximately $1.2 billion in 67 transactions since 1997. For more information, visit www.caltiusstructuredcapital.com.
About True West Capital Partners
True West provides flexible junior capital to growing middle-market companies in the Western United States with revenues of $20 million to $250 million and EBITDA of $3 million to $25 million. Founded in 2009, True West is dedicated to building and maintaining long-term relationships with the management teams of its portfolio companies, its investors and its business community. For more information, visit www.truewestcp.com.