Abacus Finance Group served as administrative agent and sole lender on senior secured credit facilities to support LongueVue Capital’s growth capital investment in Select Express & Logistics.
Founded in 2001 and headquartered in New York, Select Express & Logistics is a national provider of “last mile” delivery services to a variety of retailers, e-commerce players and businesses under exclusive contracts.
LongueVue is a private equity firm focused on making situation-driven, value-oriented equity and debt investments in lower-middle market companies (with up to $150 million in annual revenue) to support buy-outs, recapitalizations, acquisitions and growth. LVC currently has approximately $500 million under management across two funds.
“This is our fourth transaction with Abacus, and we continue to be impressed by their speed of execution and ease of documentation,” said John C. McNamara, II, LongueVue co-founder and managing partner.
“We really like working with Eric and Rafal,” added LongueVue Partner Raymond J. Jeandron, III. “The Abacus team always goes the extra mile, and those two guys are real credit animals.”
“As in other transactions,” said Abacus Senior Vice President Eric Petersen. “The client appreciated our speed, humor, flexibility, good looks and certainty of close – key aspects of what we call our Total Partnership Approach.”
Abacus team members involved in the transaction included Eric Petersen and Rafal Rydzewski. Goulston & Storrs provided legal counsel to Abacus.
