Providence Investment Partners has announced its debt and equity investment in Butler Weldments. The financing, completed in February 2025 in partnership with CIC Partners, supported Ghost Capital’s strategic investment in Butler to support its continued growth.

Founded in 1947, Butler fabricates major metal components that are primarily used in the manufacturing of U.S. Navy submarines and warships as well as the commercial sector. Capabilities include welding and fabrication, CNC machining, stress relief, finishing, and other value-added services. National security priorities and the need to modernize an aging submarine fleet are expected to drive demand for the foreseeable future.

Read full press release here.