Footprint Capital, LLC (“Footprint”) advised North American Assemblies, LLC (“NAA”) in securing a unitranche loan facility from Fifth Third Securities, a division of Fifth Third Bancorp. NAA desired senior bank and mezzanine loan to complete the purchase and Fifth Third’s unitranche structure accomplished this objective, but provided more flexibility.
Tolston Holdings holds the 51st spot on Black Enterprise Magazine’s Top 100 African-American owned companies in the United State. Tolston Holdings was formed in 2012 as an investment vehicle to own operating companies that provide manufacturing, assembly, and distribution services.
North American Assemblies, LLC (“NAA”) was established in 2003 in Timmonsville, South Carolina to provide modular assembly and supply chain management services for manufacturers in North America. NAA engages in the manufacturing, assembly, sale, and distribution of parts and components to all-terrain (ATV and recreational) vehicle manufacturers in North America, namely, for Honda South Carolina. Products provided by NAA include tire and wheel assemblies, brake pedals, gear shift pedals, and brake hub assemblies. Services provided by NAA include sorting, logistics, and a wide range of inspections. NAA is Minority Business Enterprise (“MBE”) Certified and is one of the largest privately-held, minority-owned companies in South Carolina. NAA is a wholly-owned subsidiary of Tolston Holdings, LLC. For more information, visit http://www.naa-llc.com
Fifth Third Securities Debt Capital Markets team raises capital and assembles financing for middle market companies through a broad range of sophisticated solutions. Our senior bankers, established partnerships with premier investors, and long-standing industry relationships enable us to structure and execute financing solutions that get results for your particular business. For more information, visit: www.53.com.
Footprint is a boutique investment bank focused on advising owners and operators of privately held companies in the middle market. Footprint’s services include sell-side and buy-side merger and acquisition advisory, ownership transition planning, capital raising, and strategic management consulting.