Golub backs Riverside's buy of SureWerx with $170 mln facility

U.S. private debt platform Golub Capital has provided a $170 million one-loan debt facility to support the acquisition of SureWerx, a Vancouver-based supplier of professional tools, equipment and safety products, by Riverside Co. The deal, announced last week, saw the U.S. private equity firm acquire SureWerx from Penfund, a Canadian junior capital provider. Terms weren't disclosed. Golub Senior Managing Director Greg Cashman said SureWerx's U.S. expansion and the growing need for infrastructure construction projects in North America made the company an "attractive investment."

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