Abacus Finance Group served as administrative agent and lead arranger for $20.5 million in senior secured credit facilities to support the leveraged buyout of American Refrigeration Company (ARC) by Southfield Capital Advisors.

Founded in 1996 and headquartered in Andover, MA, ARC is the largest independent industrial refrigeration service company in New England.

Based in Greenwich, CT, Southfield Capital is a private equity firm that invests in high-growth, lower-middle market companies in the outsourced business services and specialty finance sectors.

“This was our second transaction with Abacus,” said Southfield Managing Partner Andy Levison, “And once again we were impressed with the flexibility of the financing structure that they proposed and the speed of their willingness to commit to the transaction.”

Abacus Finance is a director lending company focused on providing cash-flow senior financing to private-equity sponsored lower middle market companies.