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The principals of Quarton Partners acted as exclusive financial advisors to Federal Broach & Machine Company.

Transaction

Federal Broach and Machine Company was acquired by BlackEagle Partners and Apollo Management, L.P. The principals of Quarton Partners acted as exclusive financial advisors to Federal Broach & Machine Company.

Company

Federal Broach & Machine Company manufactures and services precision broach machines and broach tools for the automotive, large truck, aerospace and agricultural industries. Federal Broach’s operating locations include: Harrison Township, Michigan; Auburn Hills, Michigan; Greer, South Carolina; and Fort Lauderdale, Florida.

Buyer / Investor

BlackEagle Partners LLC, with offices in New York, New York and Bloomfield Hills, Michigan, is an operations focused, middle market private equity firm that seeks to acquire underperforming and distressed businesses, non-core subsidiaries, and companies in out-of-favor industries. BlackEagle seeks businesses with an enterprise value below $200 million. Apollo Investment Corporation (NASDAQ: AINV) is a closed-end investment company that has elected to be treated as a business development company under the Investment Company Act of 1940. The Company invests primarily in various forms of debt investments, including secured and unsecured debt, loan investments, and/or equity in private middle-market companies. The Company may also invest in the securities of public companies and structured products and other investments such as collateralized loan obligations and credit-linked notes. The Company seeks to provide private financing solutions for private companies that do not have access to the more traditional providers of credit. Apollo Investment Corporation is managed by Apollo Investment Management, L.P., an affiliate of Apollo Global Management, LLC, a leading global alternative investment manager.

Contact

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Robert S. Parker

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