Bain Capital’s private credit group, alongside private credit at Goldman Sachs Alternatives, acted as co-administrative agents and joint lead arrangers on a senior secured credit facility to support Truelink Capital’s acquisition of SouthernCarlson from Kyocera, a global Japanese conglomerate. Terms of the financing were not disclosed.
“Bain Capital and Goldman Sachs Alternatives bring deep experience across distribution, industrial and business services, along with a highly collaborative and solutions-oriented approach,” Todd Golditch, co-managing partner of Truelink Capital, said. “Their ability to deliver flexible, reliable capital and to work closely with our team made them strong partners for this transaction, and we look forward to working together to support SouthernCarlson’s continued growth and operational improvement.”
June Huang, a managing director at Bain Capital Credit, added, “SouthernCarlson is a well-established distribution platform with a long operating history, strong customer relationships and a differentiated service model that supports recurring demand across multiple end markets. We are pleased to partner with Truelink and support SouthernCarlson as they look to accelerate growth both organically and through M&A, while continuing to deliver high-quality and reliable products to its customers nationwide.”
Danny Mapes, a managing director in private credit at Goldman Sachs Alternatives, said, “We are thrilled to support the Truelink team on this important investment. We are excited by the combination of Truelink’s robust suite of operational and financial capabilities being brought together with SouthernCarlson, a leading asset in the industrial distribution space, with a durable business model.”
