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Sloans left Sloan?

manuellynch
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fishing nut Master Engineer

fishing nut

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  • !llumenati
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When did the Sloan brothers leave Sloan?

Is Sloan parting ways with N Glantz like GE did?

Wasnt Sloan bought by a investment group a few years back. If that was the case, Maybe they were fullfilling a contract agreement and now it's over.

GOOD things happen for a reason......

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  • !llumenati
fishing nut Master Engineer

fishing nut

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Fri Jun 10, 2011 1:49pm EDT

Golub Capital Provides Financing in Support of Harbour Group Industries' Recapitalization of Watchfire and SloanLED

PR Newswire

NEW YORK, June 10, 2011

NEW YORK, June 10, 2011 /PRNewswire/ -- Golub Capital announced today that it has provided Senior Subordinated Notes in support of the recapitalization of Time-O-Matic, Inc. ("Watchfire") and The Sloan Company, Inc. ("SloanLED") by Harbour Group Industries, Inc. ("Harbour Group").

Headquartered in Danville, IL, Watchfire designs, manufactures and markets digital LED signs and related software and services for a variety of outdoor commercial applications, including On-Premise signs and Digital Billboards. Watchfire is the first company in the digital sign and billboard industry to obtain UL Greenleaf Certification, making theirs the most energy efficient LED signs available.

Backed by over 50 years of lighting experience, Ventura, CA-based SloanLED designs, manufactures, and markets LED lighting systems for use in commercial and industrial applications for signs, spas, retail displays and refrigeration units. With a European sales office in The Netherlands, SloanLED is positioned to support multiple market locations and manage cost and manufacturing throughout the world.

"SloanLED and Watchfire have exhibited exceptional performance throughout their operating history, specifically through the most recent recession. With their market leadership and differentiated products and services, both SloanLED and Watchfire are nicely positioned to capitalize on the attractive market dynamics within the LED lighting industry. The Harbour Group and Management team are world class operators, and we are excited to partner with them in support of this recapitalization," stated Charlie Riceman, a Golub Capital Managing Director.

"We have worked with Golub Capital on a number of transactions in the past, including our initial acquisition of SloanLED. Consistent with our past experiences, Golub's ability to offer value-added financing solutions across any part of the capital structure allowed us to quickly have certainty around the structure for this transaction. We look forward to closing additional transactions with Golub in the future," said Mike Santoni, Chief Financial Officer at Harbour Group.

About Golub Capital

With $4.8 billion in capital under management, Golub Capital is a leading provider of financing solutions for the middle market, including GOLD (one-loan) financings (through the firm's proprietary GOLD facility), senior, second lien, and subordinated debt, preferred stock and co-investment equity. The firm also underwrites and syndicates senior credit facilities up to $200 million. Golub Capital's hold sizes range up to $100 million per transaction. Golub Capital is currently ranked by Thomson Reuters Loan Pricing Corporation as a top 3 Traditional Middle Market Bookrunner. Golub Capital was named "Middle Market Lender of the Year" by Buyouts Magazine for two years in a row in 2009 and 2010. The firm was also honored as "Debt Financing Agent of the Year" by M&A Advisor in 2010. Golub Capital is a national firm with offices in Chicago, New York and Atlanta. For more information, please visit the firm's website at golubcapital.com.

About Harbour Group Industries, Inc.

Harbour Group is a privately owned company based in St. Louis, Missouri. Harbour Group and its operating companies are engaged in manufacturing, distribution, and specialty services in multiple industries, including specialty LED systems, automotive-enthusiast products, decorative kitchen and bath hardware, abrasives, diamond cutting products and related tools, same-day specialty delivery services, entertainment and music products, and auxiliary plastic processing equipment. Since its founding in 1976, Harbour Group has acquired 166 companies in 34 different industries. For more information on Harbour Group, visit harbourgroup.com.

GOOD things happen for a reason......

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Erik Sine Master Engineer

Erik Sine

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Posted

Oh my what a BS marketing statement from Harbour Group Industries, Inc./Gocub Capital

Watchfire is the first company in the digital sign and billboard industry to obtain UL Greenleaf Certification, making theirs the most energy efficient LED signs available

Why? Because they are the first suckers to pay for a UL Green Leaf emblem for each of their displays? So since they are the ONLY EMC to be UL Green Leaf, and paid the "Marketing Money", THEY think they are the most energy efficient??? Right. That's what's so great about Marketing, it's always just executed, but never explained.

Sloan isn't exactly the "World Class", more "classless" when it comes to spreading rumors about this site and using that as an excuse to NOT having brass balls to back up and stand behind their products in our testing, most products are very subpar, with premium prices and a company boosted with our tax dollars I might add.

But don't look for the Community Organizer to report and dig deep into the Marketing campaigns of U.L. and UL GreenLeaf and report it for what it in his Signs of The Times Magazine. He's still on his old sugar high, riding on old fumes of memories past, thinking of his long ago battle and outspokenness with the APA on freedom of speech still carries him after all these as a champion of this industry.

You have enemies? Good. That means you've stood up for something, sometime in your life. - Winston Churchill

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