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Stellus Capital Management, LLC Provides First Lien and Equity Financing in Support of Platte River Equity’s Investment in Dealers Transmission Exchange

Jun 13, 2018

Houston – TX, June 13, 2018 – Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided a senior secured credit facility and equity co-investment in support of Platte River Equity’s investment in Dealers Transmission Exchange (“DTE”).

Based in Roselle, Illinois, DTE is a leading provider of powertrain and transmission repair and maintenance services to customers in the energy, industrial and mining industries. The company has a broad service offering that includes inspection, cleaning, rebuild, and testing of transmission cores. DTE’s high quality work, industry leading turnaround times, and ability to manage spare transmission inventories all combine to deliver a lower total cost of ownership to its customers through reduced downtime, increased utilization, and reduction in catastrophic failures.

Mark Brown, a Partner of Platte River Equity, said, “We are excited to partner with the Stellus team on this transaction. We appreciated the efficient deal execution and effort the Stellus team showed and look forward to expanding our Stellus relationship as we develop DTE and its repair capabilities and service offering.”

Gavin Roseman, Managing Director at Stellus added, “We believe DTE is a unique platform that is well positioned for continued growth due to its extensive experience and focus on large transmission repairs, along with a national footprint and ability to service a wide variety of powertrain equipment. We appreciate the opportunity to partner with Platte River and management in supporting DTE’s ongoing success.”

About Stellus Capital Management, LLC

Stellus Capital Management, LLC is a leading middle market private investment firm with approximately $1.3 billion of assets under management (as of March 31, 2018) across its two investment platforms: private credit and energy private equity. The private credit platform focuses on originating direct loans to middle market companies. The energy private equity platform focuses on providing flexible equity capital to small and middle market energy companies. Each platform is led by a dedicated investment team investing out of strategy-specific funds.

Collectively, the Stellus team has invested over $5.0 billion in the middle market over the last 10+ years. Stellus has offices in Houston, TX, Charlotte, NC and the Washington D.C. area. For additional information, please visit us at www.stelluscapital.com.

For Inquiries Related to this Press Release, please contact:
Gavin Roseman
(713) 292-5421
groseman@stelluscapital.com