GilChrist & Soames, a local company owned partly by businessman Al Hubbard, who now directs the National Economic Council, has been sold for $51 million. Buying the Indianapolis maker of soaps, toothpaste and other hotel toiletries is Swander Pace Capital, a San Francisco private-equity firm. The deal is being financed by Allied Capital Corp. of Washington, D.C.
Indianapolis — (BUSINESS WIRE) — E&A Industries, a privately held company headquartered in Indianapolis, today announced the sale of Gilchrist & Soames to San Francisco based private equity group Swander Pace Capital for an undisclosed amount. Allied Capital Corp (NYSE: ALD) provided $51 million in senior debt to support the Swander Pace buyout. E&A Industries… Read More