ABACUS FINANCE LEADS $37 MILLION SENIOR DEBT FINANCING TO SUPPORT BUNKER HILL CAPITAL’S INVESTMENT IN TAOS MOUNTAIN, INC.
September 23, 2015 - Abacus Finance Group, LLC, a New York-based direct lending company that provides cash-flow senior financing for private equity-sponsored, lower-middle market companies, announced today that it served as Administrative Agent and Sole Lead Arranger for $37 million in senior secured credit facilities to support Bunker Hill Capital, LP’s (Bunker Hill) investment in Taos Mountain, Inc. (Taos Mountain). Abacus also made an equity co-investment in Taos Mountain.
Headquartered in San Jose, CA, Taos Mountain is an information technology (IT) infrastructure consulting and managed services firm that delivers on-site technical and strategic solutions addressing challenges throughout a client company’s IT life cycle. Bunker Hill Capital is a Boston-based private equity firm that invests in lower-middle market companies in the industrial products, business services, consumer products and specialty retail sectors.
“We knew from past experience that the Abacus team would deliver. Timing was a critical factor, and they worked fast and efficiently,” said Mark H. DeBlois, Co- Founder and Managing Partner. "Once again, the process was quick and streamlined from due diligence to close,” added Rufus Clark, Co-Founder and Managing Partner. “They make it easy – they are simply great to work with.”
“Taos Mountain is a solid company with a strong business platform, and excellent management,” said Tim Clifford, President and CEO of Abacus Finance. “Our knowledge of the information technology sector enabled us to move quickly and offer certainty of close early in the process – important aspects of what we call our Total Partnership Approach™.”
Abacus team members involved in the transaction included Sean McKeever and Brian Green. Legal counsel was provided to Abacus by Goulston & Storrs, LLP.
About Taos Mountain, Inc.
Founded in 1989 and headquartered in San Jose, CA, Taos is an information technology (IT) infrastructure consulting and managed services firm that delivers on-site technical and strategic solutions addressing challenges throughout a client company’s IT life cycle. The firm’s consulting services include planning, designing, building, and running client IT infrastructure solutions and environments. Visit www.taos.com for more information.
About Bunker Hill Capital, L.P.
Bunker Hill Capital is a Boston-based private equity firm that makes investments in lower-middle market companies with enterprise values between $30 million and $120 million. The principals of Bunker Hill Capital have invested over $555 million in 35 transactions and target opportunities across four industry sectors including industrial products, business services, consumer products and specialty retail. Visit bunkerhillcapital.com for more information.
About Abacus Finance Group, LLC
Abacus Finance is a leading direct lending company, focused on providing cash flow senior financing to private equity-sponsored, lower-middle market companies across a wide array of industries. Since its inception in June 2011, it has closed over $2 billion in financings. Abacus targets debt financing opportunities of up to $75 million with a typical hold size ranging from $10 million to $40 million, and finances companies with EBITDA between $3 million and $15 million. Abacus is an affiliate of New York Private Bank & Trust which was founded in 1850.
Abacus Finance is located at 335 Madison Avenue, 23rd Floor, New York, NY 10017. All inquiries and new investment opportunities should be directed to Tim Clifford at 212-850-4620 or to cliffordt@abacusfinance.com. Please visit abacusfinance.com for more information.
The Total Partnership Approach™, which is a registered trademark of Abacus Finance, LLC, brings cash-flow financing expertise, deep industry knowledge and exceptional client service, and our way of Making Life Easier over the lifecycle of each investment for our private equity sponsors.