PORTLAND, Oregon., August 9, 2022 /PRNewswire/ — Columbia Pacific Advisors’ Corporate Finance Strategy (CPBF), a Seattledirect lender to private and sponsor-backed businesses, is pleased to announce that it has provided a $17 million senior secured term loan to support the acquisition of Signal Hound, Inc. (Signal Hound). The radio frequency (RF) equipment business is expected to be acquired by Portland-based independent sponsor, Bridgehouse Capital.
Based at Battlefield, Washington, Signal Hound has become a leading designer and manufacturer of RF Signal Generators and Spectrum Analyzers. Over the company’s 26 years in business, Signal Hound has built a brand synonymous with innovation, quality and unparalleled value. The company’s products are used for critical RF analysis by US government customers, educational institutions and electronics manufacturers worldwide.
“CPBF understood the independent sponsorship process and was able to perform due diligence and close on a very tight timeline,” said Harrison OsbournCEO of Bridgehouse Capital. “As a Navy veteran who has worked with signal intelligence during my years of service, I understand the importance of RF spectrum analysis to achieve mission objectives. I look forward to working with Signal Hound’s dedicated employees and talented engineers to bring its robust product pipeline and expanded product line to market.”
“We are delighted to support Bridgehouse Capital and build on Signal Hound’s legacy of success in the RF signals industry,” said Lawrence Litchfieldbusiness development director for CPBF. “This transaction demonstrated CPBF’s ability to partner with independent sponsors and provide creative financing solutions to private business acquirers.”
Portland Confluence Capital Group Inc. served as the exclusive financial advisor to Bridgehouse.
ABOUT SIGNAL HOUND
Signal Hound designs and builds RF measurement equipment in various form factors, frequency ranges and feature sets. Their equipment is used by government, industrial and educational customers around the world. For more information, visit www.signalhound.com.
ON COLOMBIA PACIFIC BUSINESS FINANCING
Columbia Pacific Business Finance (CPBF) provides direct financing to growing midsize businesses nationwide. The evergreen fund offers structured private equity, venture capital, bridge and mezzanine debt solutions, providing flexibility and creativity to support its financial partners. CPBF focuses on partnerships with private and sponsor-backed companies across a wide range of industries. Its parent company, Columbia Pacific Advisors, manages $3.9 billion alternative assets (as of 12/31/2021), including public and private equities. For more information, visit www.columbiapacific.com.
RUBENSTEIN PUBLIC RELATIONS
CONTACT: SARA KLEIN212-805-3018
SOURCE Columbia Pacific Business Finance