Abacus Finance Group, a provider of cash flow-based, senior debt for sponsor-led investments in lower middle-market companies, served as senior secured credit facilities administrative agent and lead arranger with $10 million in senior debt financing to support Atlantic Street Capital’s investment in Pool Centurion Group.
Pool Centurion Group provides pool services, including weekly maintenance and repair work, to residential and commercial pool owners in South Florida. Atlantic Street Capital is a private equity firm that invests in lower middle market companies poised for the next level of growth.
“Abacus was a great partner to work with, and we were delighted to get our first platform done with them,” said Atlantic Street Capital Principal Robbie Heflin. “They provided the credit facility we were looking for, one which gives the Company the flexibility to continue growing through mergers and acquisitions.”
“We truly appreciate the opportunity to partner with Atlantic Street and Pool Centurion Group,” said Tim Clifford, CEO of Abacus Finance. “We were very impressed with the business and management team and look forward to supporting their growth through our Total Partnership Approach.” Added Abacus Vice President Austin Rendell, “We were very excited to partner with Atlantic Street Capital and support its M&A strategy for Pool Centurion Group. The pool servicing space is ripe for consolidation, and we believe Pool Centurion is the right company to execute that strategy.”
Abacus Analyst Jeremy Pak also helped lead the transaction.
