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American Capital exited its investment in Goldman Industrial Group in the third quarter of 2002.

American Capital Invests $30 Million in Goldman Industrial Group

Bethesda, MD – April 24, 2000 – American Capital Strategies, Ltd., a buyout and mezzanine fund, announced today it has purchased $30 million of senior subordinated notes with warrants from Goldman Industrial Group of Boston, MA and its affiliates. Goldman owns a group of machine tool companies that have set standards for quality within their respective industries and technologies. American Capital's investment will provide permanent financing and refinance an existing bridge loan put in place for the acquisition of Bridgeport Machines, Inc. in August, 1999.[more...]

Goldman Industrial Group Tools Up With Manufacturing Icon

Bethesda, MD – April 24, 2000 – Goldman Industrial Group of Boston, MA comprises several leading machine tool companies that have set standards for quality within their respective industries and technologies. In an August 1999 going-private transaction, Goldman added the well-known Bridgeport Machines Inc. to its portfolio of companies. Under Goldman's leadership, Bridgeport has dramatically cut costs, re-engineered its existing product line and introduced a new line of vertical machining centers (VMCs). VMCs are automated machine tools that make one or multiple machine parts according to computerized instructions.[more...]