Houlihan Lokey Advises Cerberus Capital Management

Houlihan Lokey is pleased to announce the successful placement of a senior secured credit facility and equity co-investment for Cerberus Capital Management, L.P.’s (Cerberus) acquisition of S+S Industries (S+S). The financing consisted of a revolving credit facility, first-out/last-out term loan, and equity co-investment. The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions.

Headquartered in Houston, S+S is a leading manufacturer of foundational power distribution products and provider of plating, coating, and fabrication services to data center, electrical infrastructure, energy, and automotive industries. The company manufactures and distributes copper and aluminum busbars and provides value-added services critical to high-power electrical applications, including plating, coating, fabrication, kitting, finishing, and scrap recycling. S+S primarily serves OEM customers supplying power distribution equipment to hyperscale, colocation, and enterprise data center operators.

Founded in 1992, Cerberus has nearly $70 billion of assets across complementary credit, real estate, and private equity strategies.

Houlihan Lokey’s Capital Solutions Group served as an exclusive placement agent to Cerberus, assisting the company in arranging, structuring, and negotiating the financing. The advice secured a comprehensive financing package to support the acquisition.

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