Abacus Finance Group served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the recapitalization of Accelevation, LLC by LFM Capital.
Based in Springboro, OH, Accelevation, LLC is a vertically integrated group of manufacturing companies serving the data center, electric vehicle, and robotic markets. LFM Capital is a private equity firm based in Nashville, Tennessee that targets lead or control investments in U.S.-based lower middle market manufacturing and industrial services companies.
“It was great to work again with the Abacus team, which knows the manufacturing space well,” said LFM Capital Managing Director Chris Lin. “They provided flexible financing terms, and the due diligence process went smoothly enabling rapid execution in this difficult environment.”
“This was our third transaction with LFM Capital, and once again they demonstrated how well they understand manufacturing. Accelevation is a quality company and a leader in its field, one that fits well with our focus on the lower-middle market,” said Tim Clifford, President and CEO of Abacus. “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, Managing Director of Abacus Finance.
Abacus team members involved in the transaction included Eric Petersen and Greg Scanlon. Legal counsel was provided to Abacus by Goulston & Storrs, PC.
LFM Capital is a private equity firm based in Nashville, Tennessee. The LFM team is led by experienced and successful Fortune 50 global executive managers and private equity professionals who bring decades of management leadership, operating best practices, exceptional professional recruiting networks, and a successful track record in lower middle market investing. LFM targets lead or control investments in U.S.-based lower middle market manufacturing and industrial services companies with at least $3 million of EBITDA and enterprise values ranging from $15 million to $125 million. The firm’s mission is to partner with portfolio company management to develop and build world-class operations through a combination of manufacturing and operations excellence and targeted growth and expansion strategies.
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.