Founders Investment Banking, LLC is pleased to announce that American Rotor Corporation (“ARC”) has received a $1.6 million CAPCO investment from Stonehenge Capital Company, LLC. The financing allows ARC to take advantage of imminent growth initiatives while also providing working capital to better participate in large specialty projects within its niche electric motor remanufacturing and repair industry. “We’re very excited and see it as another opportunity for us to invest the funds in equipment and in the sales and marketing side of our business,” indicated Dave Woods, who is president and one of the founders of ARC.
Founders Investment Banking acted as the exclusive advisor to ARC and its management team in this financing. “This transaction is a great example of the significant opportunity for local and regional companies to access funds from the broader capital markets,” stated Duane Donner, Managing Director of Founders Investment Banking. “These alternative sources of capital enable owners and executives to achieve their growth plans and build shareholder value. Furthermore, this transaction demonstrates the enormous potential of the CAPCO program to fulfill its underlying core purpose, which is to stimulate economic growth and create new jobs within the state of Alabama.”
American Rotor Corporation offers specialized and technically advanced, high value-added repair and remanufacturing services of electric motors and related components to industrial companies and independent electric motor repair shops throughout the United States. ARC focuses on a niche sector of the overall electric motor repair industry, focusing on rotor repair, stator repair and engineering/remanufacturing of larger specialty motors.
Stonehenge Capital Company, LLC is a national specialty finance firm with expertise in mezzanine and private equity, tax credit finance and structured finance transactions. Stonehenge manages approximately $500 million in private equity funds through its offices in Alabama, Colorado, Florida, Louisiana, Missouri, New York, Ohio, Texas, and Wisconsin.
In Alabama, Stonehenge and Jemison Investment Co. co-manage the $19.5 million Alabama Opportunity Fund, which is a certified capital company with the State of Alabama’s Certified Capital Company (“CAPCO”) program. The fund provides debt and equity capital for growth and expansion, mergers and acquisitions, and recapitalizations, with investments generally ranging from $500,000 to $3,000,000.