Based in Beloit, Wisconsin, Clinkenbeard & Associates is an innovator in the rapid development of complex parts and assemblies required by aerospace, defense, power generation, and other industrial applications. With over 50 years of history backed by ISO 9001 and ITAR certifications, Clinkenbeard’s capabilities include engineering, advanced machining, and manufacturing expertise.
Despite the pandemic, several of the Company’s end markets continue to experience rapid growth, which has increased the demand for Clinkenbeard’s engineering capabilities and products. In particular, programs involving the training of military personnel represent an increasing proportion of global military spending, just one industry sector served by Clinkenbeard. As a result of increased demand for the Company’s products, PPC was engaged to arrange financing to better capitalize the business for continued growth. In addition to arranging new senior bank debt facilities for the Company, PPC’s engagement also included soliciting interest from non-bank providers of mezzanine financing. PPC supported Clinkenbeard and its ownership group through the financing effort which resulted in arranging both senior and mezzanine financing to support the Company’s growth plan. The financing transaction arranged by PPC for Clinkenbeard & Associates represented another successful Done Deal for Promontory Point Capital during 2021.