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PRESS RELEASE
Issued by:

Great Rock Capital provides $75 million of capital to NWI Aerostructures
Tuesday, 30 July 2024

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that they have provided $75 million in total capital to three NWI affiliates. The NWI companies deliver high precision complex machined components, sub-assemblies, and complete major assemblies of aviation components, along with components for some industrial companies across the globe. The credit facilities, which include two revolving lines of credit and a term loan, will provide flexible growth capital for sister companies, NWI Nashville, Utica Realty Nashville, and NWI Wichita – all portfolio companies of The Stony Point Group.

"The NWI companies are mission-critical suppliers to the aerospace industry," said Stuart Armstrong, CEO of Great Rock Capital. "Their industry-leading manufacturing expertise, superior leadership, and ongoing support from their owners will drive the continued success of their businesses."

"We have established a strong partnership with Great Rock over recent years, beginning with a working capital facility for NWI Nashville," commented Bernie Stanek, CEO of Stony Point Group. "They understand the growth potential and liquidity needs of the NWI companies, and they have demonstrated a positive and practical approach to both closing and managing their credit facilities. I look forward to expanding our relationship as we work together to support the future growth objectives of NWI Nashville, NWI Wichita, and Utica Realty Nashville."

Contact details from our directory:
NWI Nashville Honeycomb Core Composites, Fuel Tanks & Systems, Wings, Deburring, Composite Structures, Autoclaves, Shot Peening
NWI Wichita (was Triumph Aerospace Structures - Wichita) Machining Services, Turning, Fabricating Services, Waterjet Services, Milling, Wing Spars, Wings
Related directory sectors:
Manufacturing Services