Ansley Park Capital Arranges $160 Million Senior Secured Facility for Voltava
Ansley Park Capital Arranges $160 Million Senior Secured Facility for Voltava
Facility Finances Detroit Manufacturing Systems’ Acquisition of Android Industries and Avancez, Creating New Leader in Global Manufacturing and Assembly Space
TARRYTOWN, N.Y.--(BUSINESS WIRE)--Ansley Park Capital (“Ansley Park”), a premier lending and specialty finance platform, announced the closing of a $160 million senior secured financing facility for Voltava, LLC (“Voltava”), the holding entity for Detroit Manufacturing Systems, LLC (“DMS”), to support its acquisition of Android Industries, LLC (“Android”), and Avancez, LLC.
We are proud to serve as Lead Agent and deliver a flexible capital solution that supports Voltava’s long-term strategic vision and continued investment in mission-critical operations.
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Ansley Park served as Lead Agent on the transaction, which includes a $135 million acquisition term loan and $25 million of incremental liquidity to fund capital investments and support Voltava’s strategic growth initiatives. The term financing is structured as part of a split-lien arrangement alongside a revolver provided by a large national bank.
“This transaction brings together two highly respected operators whose combined scale, capabilities, and technology leadership create a powerful platform in the global manufacturing and assembly space,” said Eric Miller, President and Chief Executive Officer of Ansley Park Capital. “We are proud to serve as Lead Agent and deliver a flexible capital solution that supports Voltava’s long-term strategic vision and continued investment in mission-critical operations.”
Bruce Smith, Chief Executive Officer of Voltava, added: “The merger of DMS and Android positions us to better serve our global customer base with expanded capabilities, deeper technical expertise, and greater operational resilience. Ansley Park Capital demonstrated a deep understanding of our business and executed a financing solution that enables us to move decisively into this next chapter. We appreciate their partnership and commitment to our success.”
The transaction underscores Ansley Park’s industry expertise in structuring flexible, customized financing solutions for large-scale, asset-intensive manufacturing and industrial businesses.
About Voltava
Voltava is a premier, global manufacturing and assembly partner formed through the combination of Detroit Manufacturing Systems (“DMS”), Android Industries and Avancez. Headquartered in Auburn Hills, Michigan, Voltava unites the complementary strengths of three industry leaders to deliver innovative solutions in complex module assembly, sequencing, contract manufacturing, supply chain, automation and tooling and equipment design. With approximately 5,400 Team Members across 21 facilities worldwide, Voltava serves a broad portfolio of OEM customers across the automotive, industrial, e-mobility, heavy truck, defense and technology sectors. The company is built on a foundation of quality, safety, operational excellence and environmental responsibility--made possible through a vibrant, collaborative, diverse and people-focused culture.
About Ansley Park Capital
Ansley Park Capital is a premier lending and specialty finance platform focused on delivering flexible and customized financing solutions for essential-use, large-ticket equipment and machinery across a multitude of asset types and industries. At Ansley Park Capital, we tap into the responsiveness, flexibility, and creativity of a highly experienced team with unmatched access across the equipment finance industry to serve a broad community of borrowers to meet their individual needs with full product capabilities. Our approach to working with our clients is simple: we strive to understand our customers, take the time to underwrite their business, and provide tailored financing solutions to help them grow their businesses today and well into the future. For more information on Ansley Park Capital, please visit www.ansleyparkcapital.com.
Contacts
Media:
Eric Miller
+1 914 450 4967 | eric.miller@ansleyparkcapital.com
