Abacus Finance Group served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the strategic growth investment in Hubstaff by WestView Capital Partners. Additionally, Abacus Finance Group made an equity co-investment in Hubstaff.

Founded in 2012, Hubstaff is a workforce management SaaS platform that powers time and activity tracking, shift/schedule management, invoicing, and payments. WestView Capital Partners, a Boston-based growth equity firm, is focused on middle market growth companies and manages $2.7 billion in capital across five funds.

“We continue to partner with Abacus because we have trust and faith in their ability to deliver,” said WestView Managing Partner Matt Carroll. “As in previous investments, they provided us with the assurance we needed to close the transaction in a timely manner.”  

“We continue to grow the Abacus-WestView relationship with Hubstaff, this being our fourth transaction together this year,” said Tim Clifford, President and CEO of Abacus. “As in past transactions, we were able to provide speed and flexibility – key aspects of our Total Partnership Approach™.”

“We were very impressed with Hubstaff management’s ability to grow the business over the past 11 years and continue to proactively develop solutions for their client’s needs,” added Abacus Finance Managing Director and COO Sean McKeever.

“As always, we appreciated the extensive due diligence that Westview provided,” commented Abacus Senior Associate Austin Rendell. “It helped us to quickly get up to speed on this opportunity and provide a seamless financing solution. We are excited to support Hubstaff in its next phase of growth.”
Abacus team members involved in the transaction included Sean McKeever and Austin Rendell. Legal counsel was provided to Abacus by Goulston & Storrs, PC.






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