LSQ originated a $7.5 million credit facility for a Florida-based telecommunications field services firm. The company will use the additional working capital to support current operations and growth. As part of the partnership, LSQ will also provide the company with accounts receivable and customer credit management.
“The firm is poised for tremendous growth and by accelerating capital through this facility, they are going to be able to take advantage of the opportunities they have,” Chris Collins, senior regional vice president at LSQ, said. “We are proud the private equity group chose us to partner with them and we look forward to supporting them as they grow their platform.”
“We worked with the private equity group during the company’s acquisition to ensure everything was in order for them to hit the ground running,” Kyle Rich senior business development officer at LSQ , said. “Lately we have seen a dramatic increase in partnerships with private equity firms and family offices. They have unique needs and it’s gratifying helping their portfolio companies with the funding they need to operate and grow.”
