OUR PORTFOLIO

 Visit Astrodyne's website

American Capital Invests $31 Million in Buyout of Astrodyne Corporation

Bethesda, MD - May 9, 2005 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has invested $31 million in the buyout of Astrodyne Corporation, a manufacturer and distributor of AC/DC power supplies and DC/DC converters. American Capital's investment takes the form of a senior term loan, senior subordinated debt and convertible preferred equity. American Capital is also providing a revolving credit facility. Astrodyne's senior management rolled over a portion of their equity. Post close, American Capital owns 81% of Astrodyne on a fully diluted basis. More...

Astrodyne Powers Up

The Astrodyne Corporation, founded in 1992, manufactures AC/DC power supplies and DC/DC converters. Offering a broad product line of more than 2,000 SKUs, the company focuses on small volume orders that need rapid fulfillment and customization to meet customer requirements. Headquartered in Taunton, MA, Astrodyne markets its products through its direct mail catalog and the Internet. Astrodyne's power supplies and converters are found throughout diverse end-markets, including industrial controls, test and measurement devices, medical equipment and telecommunications products. More...