Abacus Finance Group served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger to support the acquisition of Senproco and Groomer’s Choice by Harbour Group. Also, Abacus Finance made an equity co-investment in Senproco and Groomer’s Choice.
Senproco, along with its wholesale distribution division, Groomer’s Choice, is a leading manufacturer and one-stop-shop provider of pet grooming supplies. Based in St. Louis, Harbour Group is a privately owned operations-focused company whose businesses are engaged in manufacturing and distribution across diverse industries.
“The Abacus team was a great partner for us in this transaction,” said Harbour Group Chief Financial Officer Gary Beinke. “They were easy to work with, able to meet a tight timeline, and provided a seamless closing.”
“We are honored to be entering into our first transaction with Harbour Group, a firm with a long and distinguished history,” said Tim Clifford, CEO and co-founder of Abacus.
“It is both a pleasure and a privilege to work with Harbour Group, a firm with a longstanding history of investing and supporting middle market businesses,” added Abacus Senior Vice President Rafal Rydzewski.
Greg Scanlon was also a member of the Abacus transaction team. Legal counsel was provided to Abacus by Goulston & Storrs, PC.