ASPEQ Heating Group and Industrial Growth Partners

Madison Capital Funding closed a senior debt facility to finance a leveraged buyout of ASPEQ Heating Group by Industrial Growth Partners.  Madison Capital Funding was the Administrative Agent. Further terms were not disclosed.

ASPEQ is a leading provider of custom-configured electric heating and thermal management products to the industrial, commercial, military, marine, and transportation markets.

Founded in 2001, Madison Capital Funding is a market leader in supporting middle market private equity sponsors with cash-flow based corporate finance products. Since inception, Madison Capital Funding has invested $35.5 billion in 1,218 middle market transactions with 309 private equity sponsors.

The loan discussed does not represent an account’s entire portfolio and in the aggregate, may represent only a small percentage of an account’s portfolio holdings. A complete list of all holdings is available upon request; please contact media@mcfllc.com. It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the loans mentioned herein. ©2019 Madison Capital Funding LLC. All rights reserved. Madison Capital Funding LLC is a subsidiary of New York Life Insurance Company. MCF #1838108