Great Rock Capital Closes $25MM Credit Facility with NWI Nashville
Growth capital to support mission-critical aerospace manufacturer
Westport, CT – August 24, 2022 —Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a $25.0 million senior secured revolving credit facility with NWI Nashville, LLC (“NWI”), a manufacturer and designer of airplane wings, wing components, and other structural parts and assemblies for the aerospace industry. NWI’s Nashville site has been a provider of wing components to its current major OEM customers for over 30 years and is a portfolio company of The Stony Point Group.
The new credit facility refinanced a portion of the company’s existing debt and provides NWI with flexible capital to support future growth.
“With the aerospace market resurgence and our customer’s higher production rates, NWI Nashville needed a financial partner who recognized the potential of our company and could support our working capital requirements,” said Rick Rosenjack, CEO of NWI Nashville. “Great Rock delivered. I was impressed with their level of due diligence and their interest in supporting our company’s liquidity and growth capital needs.”
“The NWI management team has built a best-in-class platform as a mission-critical supplier for the aerospace industry,” said Stuart Armstrong, CEO of Great Rock Capital. “Their innovative business expertise, reputation for excellence, and emphasis on customer relationships will continue to propel the growth of this business, and we look forward to being apart of their ongoing success.”
“Great Rock quickly understood the growth potential of NWI and customized a structure that will allow the company to capitalize on new business opportunities,” commented Bernie Stanek, CEO at Stony Point Group. “We look forward to working with both teams as NWI navigates the next stage of business growth.”
About Great Rock Capital
Great Rock Capital is an asset-focused commercial finance company specializing in serving the needs of middle market companies with a wide variety of secured lending products. Great Rock Capital provides fast, flexible, and creative financing solutions to maximize its customers’ liquidity to enable them to better execute their business plans. To learn more, visit www.greatrockcapital.com.
About The Stony Point Group
The Stony Point Group is a family front office focused on investing in middle market manufacturing companies in the aerospace and defense industry. For more information, visit their website at www.stonypoint.com.
About NWI Nashville
NWI Nashville, LLC is a focused factory for long and large aluminum machining, forming, processing, and structural assembly up to 100 feet in length operating in a 2,000,000 sq. ft facility in Nashville, TN. With over 80 years of experience and a focus only on long and large aluminum parts and assemblies, NWI Nashville excels at Making Complex Structures Simple for its aerospace and adjacent market customers. More information about NWI Nashville, LLC can be found on the company website at https://www.nwiaero.com.