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 to support LongueVue Capital’s partnership with Saelens, a differentiated precision manufacturing platform specializing in machining services and strategic sourcing for OEM customers across diverse industrial end markets. Abacus Finance Group made an equity co-investment in Saelens.
Saelens is a precision manufacturing platform combining automated domestic CNC machining with international sourcing capabilities through its Wisconsin-based manufacturing operations and its international sourcing and manufacturing subsidiary. LongueVue Capital is a New Orleans-based equity investment firm focused on providing transformational growth capital to middle-market companies.
“It’s always a pleasure seeing some world-class credit execution out of these guys,” said LongueVue Managing Partner Ray Jeandron. “We’re happy to keep coming back for this kind of performance, and the companies we invest in alongside Abacus benefit greatly from the experience and discipline this team brings as a lending partner.”
“We are excited to support this, the twelfth, in a series of innovative, high-caliber transactions brought to us by the LongueVue team,” said Tim Clifford, CEO of Abacus Finance. “As in past transactions with them, our success was a function of our speed, structural flexibility, and certainty of close – key aspects of what we call our Total Partnership Approach™.”
“We are fortunate to have enjoyed a dedicated, close partnership with LongueVue over the years given the many successful platform investments we have made together,” added Abacus Senior Managing Director Eric Petersen.
Abacus Vice President Greg Scanlon and Analyst Jeremy Pak also helped lead the transaction. Legal counsel was provided to Abacus by Goulston & Storrs, PC.
