ABACUS FINANCE PROVIDES SENIOR DEBT FINANCING TO SUPPORT THE RECAPITALIZATION OF ACCELEVATION, LLC BY LFM CAPITAL
New York, NY, January 9, 2023 - Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the recapitalization of Accelevation, LLC by LFM Capital.
Based in Springboro, OH, Accelevation, LLC is a vertically integrated group of manufacturing companies serving the data center, electric vehicle, and robotic markets. LFM Capital is a private equity firm based in Nashville, Tennessee that targets lead or control investments in U.S.-based lower middle market manufacturing and industrial services companies.
“It was great to work again with the Abacus team, which knows the manufacturing space well,” said LFM Capital Managing Director Chris Lin. “They provided flexible financing terms, and the due diligence process went smoothly enabling rapid execution in this difficult environment.”
“This was our third transaction with LFM Capital, and once again they demonstrated how well they understand manufacturing. Accelevation is a quality company and a leader in its field, one that fits well with our focus on the lower-middle market,” said Tim Clifford, President and CEO of Abacus. “As in other transactions, our success was a function of our speed, flexibility, and certainty of close – key aspects of what we call our Total Partnership Approach™,” added Eric Petersen, Managing Director of Abacus Finance.
Abacus team members involved in the transaction included Eric Petersen and Greg Scanlon. Legal counsel was provided to Abacus by Goulston & Storrs, PC.
About Accelevation, LLC
Based in Springboro, OH, Accelevation, LLC is a vertically integrated group of manufacturing companies serving the data center, electric vehicle, and robotic markets. The company’s subsidiary divisions include Conatech, a leading provider of containment and infrastructure solutions to the data center market, and SkyLabs, a provider of extrusion components and in-plant material management and engineering support to advanced manufacturing facilities. Accelevation’s primary product line includes hot-aisle and cold-aisle containment solutions for leading data center builders and operators. For more information, please visit accelevationllc.com.
About LFM Capital
LFM Capital is a private equity firm based in Nashville, Tennessee. The LFM team is led by experienced and successful Fortune 50 global executive managers and private equity professionals who bring decades of management leadership, operating best practices, exceptional professional recruiting networks, and a successful track record in lower middle market investing. LFM targets lead or control investments in U.S.-based lower middle market manufacturing and industrial services companies with at least $3 million of EBITDA and enterprise values ranging from $15 million to $125 million. The firm’s mission is to partner with portfolio company management to develop and build world-class operations through a combination of manufacturing and operations excellence and targeted growth and expansion strategies. For more information, please visit lfmcapital.com.
About Abacus Finance Group, LLC
Abacus Finance is a leading direct lending company, focused on providing cash flow senior financing to private equity/family office-sponsored, lower-middle market companies across diverse industries. Since Abacus’s inception in 2011, it has closed over $3 billion in financings. The firm targets private debt financing opportunities of up to $50 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 cliffordt@abacusfinance.com. Please visit abacusfinance.com for more information.
The Total Partnership Approach™, a registered trademark of Abacus Finance, LLC, brings together cash-flow financing expertise, deep industry knowledge and exceptional client service over the lifecycle of each investment – all providing our sponsors with certainty of close and giving them peace of mind. Our team’s deep industry knowledge combined with an obsession for efficiency results in a turnaround time of under 72 hours. This swift response time is just one aspect of our Total Partnership Approach™ – a comprehensive methodology that reflects our emphasis on growing relationships rather than just focusing on the number of transactions.
Why should you Count on Us™? The answer lies in the deep partnerships we forge by going well above and beyond what sponsors traditionally have come to expect. We don’t believe in the phrase “good enough.” We push ourselves to create custom financing solutions tailored for each company – deals are started from the ground up, and we work side-by-side with the private equity sponsors we serve during each stage of the transaction life cycle.