LBC Credit Partners provided senior secured credit facilities to Emtec. The proceeds were used to refinance the company’s existing debt and to acquire Summit Technology. In addition, the new facilities will provide a source of funding for limited share repurchases, working capital and future acquisitions.

LBC Credit Partners served as agent for the senior secured credit facilities.

Emtec provides industry-specific transformative digital solutions to organizations in the enterprise, government and education markets. With offices in the U.S., Canada and India, Emtec provides services that span the entire IT lifecycle: from advisory through enterprise, custom, mobile and cloud applications as well as analytics and infrastructure services.

Alabama-based Summit Technology is a healthcare-focused consulting and managed services firm, specializing in Oracle’s HCM, ERP and Cloud