Golub Capital announced that as administrative agent, sole lead arranger and sole bookrunner, it provided a senior credit facility to support Pamlico Capital's investment in Service Express, Inc.
Service Express specializes in customized on-site data center maintenance for mainframe, midrange and Intel-based servers for IBM, DEC, HP, Sun and Dell, as well as EMC, STK, Hitachi and NetApp storage. Additional services include data center relocations, OS support and hardware sales solutions. Headquartered in Grand Rapids, Michigan, the company has three Michigan locations, along with multiple locations in Florida, Georgia, Illinois, Indiana, Kentucky, Missouri, North Carolina, Ohio, Pennsylvania, Tennessee, and Wisconsin.
"We're excited to partner with the company and Pamlico to support the continued growth of the SEI platform. Management has positioned the company as a market leader with a strong value proposition, and Pamlico is uniquely positioned to add value based on their extensive experience in the infrastructure space," said Golub Capital Managing Director Troy Oder.
"Golub Capital has proven to be an excellent financing partner for us," said Stuart Christhilf, a partner at Pamlico Capital. "They understand the industries in which we invest and in this situation provided a highly flexible financing solution that allowed us to compete effectively under an expedited transaction timeline."
Golub Capital's award winning middle-market lending team structures financing solutions with hold positions of up to $300 million.
Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in the U.S. Pamlico Capital seeks control-oriented growth equity and buyout investments of up to $100 million alongside proven management teams in its target industries: Business & Technology Services, Communications, and Healthcare. Since inception, the firm, based in Charlotte, NC, has invested over $2.5 billion.