Great Rock Capital Closes $28.8 Million Term Loan with PTC Alliance

Great Rock Capital Closes $28.8 Million Term Loan with PTC Alliance

Great Rock Capital Closes $28.8 Million Term Loan with PTC Alliance

January 24, 2022

New Capital to Fund Strategic Acquisition

Westport, CT – January 24, 2022 — Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a $28.8 million senior secured term loan facility with PTC Alliance (“PTC”), a leading global manufacturer and marketer of drawn over mandrel and electrical resistance welded steel tubing and precision components.

The term loan provided PTC with additional capital to support their strategic acquisition of Metal-Matic. Great Rock Capital partnered with the existing revolver lender, a leading commercial banking institution, and the equity sponsor, Black Diamond Capital Management, to finance the successful completion of the acquisition.

“PTC is a long-established global industry leader with a 100-year operating history,” said Stuart Armstrong, CEO of Great Rock Capital. “We look forward to working with this experienced team and their partners at Black Diamond as they accelerate the expansion of their industry footprint and continue to provide superior products to their customers.”


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


About Black Diamond Capital Management

Black Diamond Capital Management (“Black Diamond” or “the Firm”) is a leading privately held alternative asset management firm with over$9 billion in assets under management. With complementary control distressed/private equity, hedge fund, mezzanine fund and CLO and other structured vehicles, Black Diamond specializes in high yield credit, stressed &distressed credit, restructurings and business turnarounds, further focusing on investing in debt securities that offer structural protection and have substantial underlying assets. Black Diamond’s control distressed/private equity funds focus more specifically on middle market companies with market leadership positions within their sectors. The Firm employs a disciplined investment process that synthesizes bottom-up credit analysis with an in-depth knowledge of the credit system. Founded in 1995, Black Diamond employs 40investment professionals and has offices in Stamford CT, St Thomas USVI, and London, England. For more information, visit


About PTC Alliance

PTC Alliance is the leading manufacturer and marketer of welded and DOM mechanical steel tubing, cold drawn seamless, fabricated, precision tubular components, and chrome-plated steel bars. For nearly 100 years, PTC Alliance has been an essential supplier to major end–users including construction and agricultural equipment, machinery, and appliances, as well as automotive, heavy truck and energy applications. For more information, visit

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