Marathon Asset Management, a global credit manager, and Webster Bank, a commercial bank in the Northeast, closed a senior-secured financing to PK Companies Group to help facilitate the acquisition by DC Capital Partners Management. PK’s founders reinvested equity in conjunction with this transaction.
“PK’s mission-critical offerings and keen focus on quality, safety and customer service have resulted in strong organic growth and an industry leading reputation over their 20-year history,” Curtis Lueker, head of direct lending for Marathon, said. “DC Capital, as an exceptional middle market sponsor with specialization in the government and engineering markets, will collaborate closely with the PK team to develop a comprehensive strategic plan for future growth.”
“Marathon’s partnership with Webster Bank is powerful offering reliable, tailored and creative financing solutions to middle market companies and private equity sponsors,” Bruce Richards, chairman and CEO of Marathon, said. “Marathon’s leadership and expertise across our private credit programs: direct lending, capital solutions and asset-based lending, coupled with Webster Bank’s exceptional middle market sponsor lending program and broader commercial banking services, offers a highly differentiated suite of capabilities.”
