Citizens provided a $50 million credit facility to Charlotte, N.C.-based Crosslake Technologies. Citizens is Left Lead Arranger and Administrative Agent. The credit facility consists of a $25 million revolving line of credit and a $25 million term loan. The funds will be used to refinance debt and fund acquisitions.

Crosslake Technologies provides data-driven technology due diligence and value creation advisory services for private equity firms and their portfolio companies. The company’s capabilities include advisory support of software delivery processes, architecture, enterprise systems, and cybersecurity, all delivered by experienced technology practitioners.  It is a portfolio company of Charlotte, N.C.-based Falfurrias Capital Partners.

Wilson Sullivan, Partner, Falfurrias Capital Partners, said: “Working with the Citizens team was a great experience from start to finish.  They provided the upfront advice on capital structuring and followed up with seamless deal execution between their team and ours.”

Barr Blanton, CEO, Crosslake Technologies, said: “The Citizens team ran an efficient process that was mindful of our time and highly focused.  We appreciated their communication and partnership.”

Citizens is a trusted strategic and financial partner, consistently delivering clear and objective advice. The Citizens approach puts clients first by offering great ideas combined with thorough market knowledge and excellent execution to help our clients enhance their business and reach their potential.