O2 Sponsor Finance, a division of Old Second National Bank provided senior secured credit facilities to support Branford Castle Partners in its acquisition of Hoffman Engineering ("Hoffman").
Headquartered in Stamford, Connecticut, Hoffman is a global leader in the development and manufacturing of night vision test equipment, night vision imaging lighting systems and commercial aviation LED specialty lighting products. Since its inception in 1955, the Company has developed a strong brand reputation within the night vision sector and its products are utilized by the U.S. military, aerospace and defense OEMs, as well as by commercial airlines.
"O2 Sponsor Finance is pleased to partner once again with Branford Castle on another attractive platform investment. Hoffman's market-leading positions in mission-critical aerospace and defense applications and long track record of innovation provides a strong foundation for future growth," said Thom Karle, Senior Vice President, O2 Sponsor Finance.
Branford Castle is a private market investor focused on lower middle-market investments, with more than 35 years of helping to grow businesses. The Firm typically makes control investments in companies with up to $15 million of EBITDA and a leadership position in a niche industry. Branford Castle is particularly keen on the strong relationships it develops with its portfolio company managers. Branford Castle has particular expertise in industrials/specialty manufacturing, consumer products, business services and logistics.