ABACUS FINANCE PROVIDES SENIOR DEBT FINANCING TO SUPPORT THE INVESTMENT IN EDWARDS RIGGING & MOVING, INC. BY CORE INDUSTRIAL PARTNERS
New York, NY, September 2, 2025 - Abacus Finance Group, LLC – a leading provider of cash flow-based, senior debt for sponsor-led investments in lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Sole Lender to support the investment in Edwards Rigging & Moving by CORE Industrial Partners.
Founded in 1961, Edwards Moving & Rigging is a provider of heavy hauling and rigging services to the power generation, manufacturing, infrastructure/construction, and other end markets. CORE Industrial Partners is a private equity firm with over $1.58 billion of capital commitments investing in North American lower middle-market manufacturing, industrial technology, and industrial services businesses.
“When starting any new partnership, building a strong working relationship is key, and we were able to achieve that quickly with CORE Partner Jason Fulton, his team, and the leadership at Edwards Rigging & Moving,” said Tim Clifford, CEO of Abacus Finance. “Our deep expertise in the transportation services sector, ability to close quickly, and flexible approach were all important to CORE Industrial Partners, each a vital element of what we refer to as our Total Partnership Approach™.”
“We are pleased to partner with CORE Industrial on a business that fits well within their investment criteria,” noted Abacus Managing Director Seth Friedman, “and we look forward to supporting them throughout this transaction and future opportunities.”
Abacus Senior Associate Greg Scanlon also helped lead the transaction. Legal counsel was provided to Abacus by Goulston & Storrs, PC.
About Edwards Moving & Rigging
Founded in 1961, Edwards provides heavy hauling and rigging services to the power generation, manufacturing, infrastructure / construction, and other end markets. The Company offers super heavy transport, multimodal transport, heavy and specialized rigging, and turnkey project management services to OEMs, utility providers, and end users. For more information, visit edwardsmoving.com.
About CORE Industrial Partners
CORE Industrial Partners is a private equity firm with over $1.58 billion of capital commitments investing in North American lower middle-market manufacturing, industrial technology, and industrial services businesses with offices in Chicago, Austin and Cleveland. CORE’s team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience, and a demonstrated track record of building market-leading businesses. Through its capital, insight, and operational experience, CORE partners with management teams and strives to build best-in-class companies. For more information, visit www.coreipfund.com.
About Abacus Finance Group, LLC
Abacus Finance Group, LLC (including its subsidiaries and affiliates, together “Abacus”) is a leading asset management firm specializing in private credit solutions to the lower middle market. Since Abacus’s inception in 2011, it has closed over $3.5 billion in financings. The firm targets private debt financing opportunities of up to $60 million and finances companies with EBITDA between $3 million and $15 million. The firm is headquartered in New York City and maintains a second office in Portsmouth, New Hampshire. Abacus is an affiliate of New York Private Bank & Trust, which was founded in 1850.
Abacus Finance is located at 22 Vanderbilt Avenue, Suite 6H, New York, NY 10017. All inquiries and new investment opportunities should be directed to Tim Clifford at 212-850-462 or cliffordt@abacusfinance.com. Please visit abacusfinance.com for more information.
Total Partnership Approach™ (TPA), a registered trademark of Abacus Finance, LLC, brings together cash-flow financing expertise, deep industry knowledge, a turnaround time of under 72 hours, and exceptional client service over the lifecycle of each investment – all in all, a comprehensive methodology that reflects our emphasis on growing relationships rather than just focusing on the number of transactions. We encourage sponsors to Count on Us™ because of the deep partnerships we forge by going well above and beyond what they traditionally have come to expect. We don’t believe in the phrase “good enough” – we push ourselves to create custom financing solutions specifically tailored for each transaction.