O2 Sponsor Finance Provides Senior Secured Credit Facilities to Support Branford Castle Partners' Acquisition of Hoffman Engineering
Old Second National Bank's (NASDAQ:OSBC) division O2 Sponsor Finance has provided senior secured credit facilities to support Branford Castle Partners' acquisition of Hoffman Engineering. The transaction was completed as part of O2's active financing activities in 2024.
Hoffman Engineering, based in Stamford, Connecticut, is a global leader in night vision test equipment, night vision imaging lighting systems, and commercial aviation LED specialty lighting products. Founded in 1955, the company has established a strong brand reputation in the night vision sector, serving the U.S. military, aerospace and defense OEMs, and commercial airlines.
Old Second National Bank (NASDAQ:OSBC) ha fornito finanziamenti senior garantiti alla divisione O2 Sponsor Finance per supportare l'acquisizione di Hoffman Engineering da parte di Branford Castle Partners. La transazione è stata completata come parte delle attività di finanziamento attive di O2 nel 2024.
Hoffman Engineering, con sede a Stamford, Connecticut, è un leader globale nell'attrezzatura per test di visione notturna, nei sistemi di illuminazione per immagini in visione notturna e nei prodotti di illuminazione LED specializzati per l'aviazione commerciale. Fondata nel 1955, l'azienda ha stabilito una forte reputazione di marca nel settore della visione notturna, servendo l'esercito statunitense, i produttori di attrezzature originali nel settore aerospaziale e della difesa e le compagnie aeree commerciali.
Old Second National Bank (NASDAQ:OSBC) ha proporcionado facilidades de crédito garantizadas senior a la división O2 Sponsor Finance para apoyar la adquisición de Hoffman Engineering por parte de Branford Castle Partners. La transacción se completó como parte de las actividades de financiamiento activas de O2 en 2024.
Hoffman Engineering, con sede en Stamford, Connecticut, es un líder global en equipos de prueba de visión nocturna, sistemas de iluminación para imágenes de visión nocturna y productos de iluminación LED especializados para la aviación comercial. Fundada en 1955, la empresa ha establecido una sólida reputación de marca en el sector de la visión nocturna, sirviendo al ejército de EE. UU., a los OEMs de defensa y aeroespacial, y a las aerolíneas comerciales.
Old Second National Bank (NASDAQ:OSBC)의 O2 Sponsor Finance 부문은 Branford Castle Partners의 Hoffman Engineering 인수를 지원하기 위해 선순위 담보 신용 시설을 제공했습니다. 이 거래는 2024년 O2의 적극적인 금융 활동의 일환으로 완료되었습니다.
코네티컷주 스탬포드에 본사를 둔 Hoffman Engineering은 야간 투시 테스트 장비, 야간 투시 이미징 조명 시스템 및 상업 항공 LED 전문 조명 제품의 글로벌 리더입니다. 1955년에 설립된 이 회사는 미국 군대, 항공 우주 및 방산 OEM, 상업 항공사에 서비스를 제공하며 야간 투시 분야에서 강력한 브랜드 평판을 확립했습니다.
Old Second National Bank (NASDAQ:OSBC) a fourni des facilités de crédit senior sécurisées à la division O2 Sponsor Finance pour soutenir l'acquisition de Hoffman Engineering par Branford Castle Partners. La transaction a été finalisée dans le cadre des activités de financement actives d'O2 en 2024.
Hoffman Engineering, basé à Stamford, Connecticut, est un leader mondial dans les équipements de test de vision nocturne, les systèmes d'éclairage pour images de vision nocturne et les produits d'éclairage LED spécialisés pour l'aviation commerciale. Fondée en 1955, l'entreprise a établi une forte réputation de marque dans le secteur de la vision nocturne, servant l'armée américaine, les OEM dans l'aérospatial et la défense, ainsi que les compagnies aériennes commerciales.
Old Second National Bank (NASDAQ:OSBC) hat der Abteilung O2 Sponsor Finance senior gesicherte Kreditfazilitäten bereitgestellt, um die Übernahme von Hoffman Engineering durch Branford Castle Partners zu unterstützen. Die Transaktion wurde im Rahmen der aktiven Finanzierungsaktivitäten von O2 im Jahr 2024 abgeschlossen.
Hoffman Engineering mit Sitz in Stamford, Connecticut, ist ein globaler Marktführer in der Nachtsicht-Testausrüstung, in Nachtsicht-Bildgebungsbeleuchtungssystemen und in spezialisierten LED-Beleuchtungsprodukten für die kommerzielle Luftfahrt. Das Unternehmen wurde 1955 gegründet und hat sich einen starken Markenruf im Bereich der Nachtsicht erarbeitet, indem es das US-Militär, die Luft- und Raumfahrt- sowie Verteidigungs-OEMs und kommerzielle Fluggesellschaften bedient.
- Strategic expansion in aerospace and defense sector
- Partnership with established defense contractor
- Investment in market-leading mission-critical technology
- None.
CHICAGO, IL / ACCESS Newswire / March 6, 2025 / O2 Sponsor Finance, a division of Old Second National Bank (NASDAQ:OSBC), capped off a busy 2024 with new financing activity. O2 Sponsor Finance provided senior secured credit facilities to support Branford Castle Partners ("Branford Castle") in its acquisition of Hoffman Engineering ("Hoffman").
Headquartered in Stamford, Connecticut, Hoffman is a global leader in the development and manufacturing of night vision test equipment, night vision imaging lighting systems and commercial aviation LED specialty lighting products. Since its inception in 1955, the Company has developed a strong brand reputation within the night vision sector and its products are utilized by the U.S. military, aerospace and defense OEMs, as well as by commercial airlines.
"O2 Sponsor Finance is pleased to partner once again with Branford Castle on another attractive platform investment. Hoffman's market-leading positions in mission-critical aerospace and defense applications and long track record of innovation provides a strong foundation for future growth," said Thom Karle, Senior Vice President, O2 Sponsor Finance.
About Branford Castle Partners: Branford Castle is a private market investor focused on lower middle-market investments, with more than 35 years of helping to grow businesses. The Firm typically makes control investments in companies with up to
More information is available at www.branfordcastle.com.
About O2 Sponsor Finance: O2 Sponsor Finance is a national provider of cash flow-based loans to lower middle market businesses with typically
About Old Second Bancorp, Inc.: Old Second Bancorp, Inc., headquartered in Aurora, Illinois, is the bank holding company for Old Second National Bank, which celebrated 150 years of operation in 2021. Old Second's common stock trades on The NASDAQ Stock Market under the symbol "OSBC". More information about Old Second is available by visiting the "Investor Relations" section of its website: www.oldsecond.com.
As of December 31, 2024, Old Second has approximately
Old Second National Bank, Member FDIC.
Contact:
Bradley S. Adams EVP, Chief Operating Officer and Chief Financial Officer (630) 906-5484
SOURCE: Old Second Bancorp Inc.
View the original press release on ACCESS Newswire
FAQ
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