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 sole lender to support the investment in Edwards Rigging & Moving by CORE Industrial Partners.
“When starting any new partnership, building a strong working relationship is key, and we were able to achieve that quickly with CORE Partner Jason Fulton, his team and the leadership at Edwards Rigging & Moving,” Tim Clifford, CEO of Abacus Finance, said. “Our deep expertise in the transportation services sector, ability to close quickly and flexible approach were all important to CORE Industrial Partners, each a vital element of what we refer to as our ‘total partnership approach.’”
“We are pleased to partner with CORE Industrial on a business that fits well within their investment criteria, and we look forward to supporting them throughout this transaction and future opportunities,” Seth Friedman, managing director of Abacus, said.
Greg Scanlon, senior associate of Abacus, also helped lead the transaction. Legal counsel was provided to Abacus by Goulston & Storrs.
