FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / Articles / Read Article

Print

Great Rock Capital Provides $75MM of Capital to NWI Aerostructures

Date: Jul 30, 2024 @ 07:50 AM
Filed Under: Manufacturing

Great Rock Capital provided $75 million in total capital to three NWI affiliates. The NWI companies deliver high precision complex machined components, sub-assemblies, and complete major assemblies of aviation components, along with components for some industrial companies across the globe. The credit facilities, which include two revolving lines of credit and a term loan, will provide flexible growth capital for sister companies, NWI Nashville, Utica Realty Nashville, and NWI Wichita – all portfolio companies of The Stony Point Group.

“The NWI companies are mission-critical suppliers to the aerospace industry,” said Stuart Armstrong, CEO of Great Rock Capital. “Their industry-leading manufacturing expertise, superior leadership, and ongoing support from their owners will drive the continued success of their businesses.”

“We have established a strong partnership with Great Rock over recent years, beginning with a working capital facility for NWI Nashville,” commented Bernie Stanek, CEO of Stony Point Group. “They understand the growth potential and liquidity needs of the NWI companies, and they have demonstrated a positive and practical approach to both closing and managing their credit facilities.  I look forward to expanding our relationship as we work together to support the future growth objectives of NWI Nashville, NWI Wichita, and Utica Realty Nashville.”

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.