ABACUS FINANCE PROVIDES SENIOR DEBT FINANCING TO SUPPORT THE LEVERAGED BUYOUT OF RBW LOGISTICS BY LONGUEVUE CAPITAL
New York, NY, April 26, 2023 - Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Sole Lender for senior secured credit facilities to support the leveraged buyout of RBW Logistics by LongueVue Capital.
RBW Logistics, founded in 1954, is an asset-light third-party logistics company providing contract warehousing and fulfillment and related transportation services to blue-chip customers in the consumer staple and fiber-based product industries. Founded in 2001, LongueVue Capital is a New Orleans-based equity investment firm focused on providing transformational growth capital to middle-market companies.
“We keep coming back to Abacus as Eric and Greg just can’t stop, won’t stop, adding credit-related value,” said LongueVue Capital Principal Austin Rees.
“Austin Rees' comment is a reflection of the longstanding emphasis we have placed on providing exceptional client service – an integral element of our Total Partnership Approach™,” said Tim Clifford, President and CEO of Abacus. “The pleasure on this side of the table in working with the LongVue team is enormous,” added Abacus Managing Director Eric Petersen.
Abacus team members involved in the transaction included Eric Petersen and Greg Scanlon. Legal counsel was provided to Abacus by Goulston & Storrs, PC.
About RBW Logistics
Founded in 1954, RBW Logistics is an asset-light third-party logistics company providing contract warehousing and fulfillment and related transportation services to blue-chip customers in the consumer staple and fiber-based product industries. The company maintains a nimble and customer-centric approach with the ability to intermix facilities with RBW technology or customer technology – which creates sticky relationships with its customers. The majority of RBW’s revenue is derived from long-term relationships supported by exclusive contracts. Based in Augusta, GA, the company has very deep regional affiliations and is estimated to control 80% of logistics services in the region. For more information, please visit rbwlogistics.com.
About LongueVue Capital
Founded in 2001, LongueVue Capital is a New Orleans-based equity investment firm focused on providing transformational growth capital to middle-market companies, drawing upon its successful 20+ year track record of partnering with entrepreneurs and management teams to drive value creation. With over $850 million of committed capital spanning four funds coupled with 150 years of combined operating and investing experience, the LVC team is an ideal partner for middle-market companies at inflection points and seeking to maximize value for all stakeholders. LVC has made successful investments in a wide variety of industries including healthcare, life sciences, transportation and logistics, food and beverage, specialty packaging, consumer, and industrial services. For more information, please visit lvcpartners.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.