Abacus Finance Group, LLC (Abacus), a New York-based direct lending company that provides cash-flow senior financing for private equity-sponsored, lower-middle market companies, announced that it served as Administrative Agent and Lead Arranger for senior secured credit facilities to support the leveraged buyout of Fecon, Inc. by LFM Capital. 

Based in Lebanon, Ohio and founded in 1992, Fecon is the leading manufacturer of heavy-duty forestry mulching equipment and related forestry accessories in North America. LFM Capital is a Nashville-based private equity firm focused on lower-middle market U.S. manufacturing and industrial services companies with outstanding growth prospects.  

“It was good to work again with the Abacus team, which knows the manufacturing space well,” said LFM Capital Executive Managing Director Steve Cook. “The due diligence process went smoothly and communications – including early assurance of closure – were clear from the beginning.”

“This was our second transaction with LFM Capital, and once again they demonstrated how well they understand manufacturing. Fecon is a quality company and a leader in its field, one that fits perfectly with our focus on the lower-middle market,” said Tim Clifford, President and CEO of Abacus Finance. “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, Senior Vice President of Abacus Finance.

Abacus team members involved in the transaction included Eric Petersen and Joseph Lee. Legal counsel was provided to Abacus by Goulston & Storrs, PC.