Abacus Finance Group served as Administrative Agent and Sole Lender to support the leveraged buyout of Motion Sensors by Sentech, Inc., a portfolio company of Astor Place Holdings.  

Motion Sensors is a leading developer of state-of-the-art speed sensors for the industrial, commercial aerospace, space, rail & transit, and military end markets. Sentech is a leading provider of position sensor solutions for a wide range of industries, including industrial, aerospace and defense, and space. Astor Place Holdings is the private investment arm of Select Equity Group, L.P.

“The Abacus team was a great partner for us in this transaction,” said Mark Adams, Managing Director at Astor Place Holdings. “They quickly understood Sentech’s business model and gave us the certainty we were looking for in our financing partner on a tight timeline.”

“We are ecstatic to work with the team at Astor Place Holdings for the first time,” said Tim Clifford, President and CEO of Abacus. “We were very impressed with their investment in Sentech and Motion Sensors and were happy to support them with this add-on acquisition.”

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