Abacus Finance Group served as senior secured credit facilities administrative agent and sole lender for senior secured credit facilities to support the leveraged buyout of RBW Logistics by LongueVue Capital.
RBW Logistics, founded in 1954, is an asset-light third-party logistics company providing contract warehousing and fulfillment and related transportation services to customers in the consumer staple and fiber-based product industries. Founded in 2001, LongueVue Capital is a New Orleans-based equity investment firm focused on providing growth capital to middle-market companies.
“We keep coming back to Abacus as Eric and Greg just can’t stop, won’t stop, adding credit-related value,” Austin Rees, principal at LongueVue Capital, said.
“Austin Rees’ comment is a reflection of the longstanding emphasis we have placed on providing exceptional client service – an integral element of our total partnership approach,” Tim Clifford, president and CEO of Abacus, said.
“The pleasure on this side of the table in working with the LongVue team is enormous,” Eric Petersen, managing director for Abacus, said.
Abacus team members involved in the transaction included Eric Petersen and Greg Scanlon. Legal counsel was provided to Abacus by Goulston & Storrs.
