Abacus Finance Group served as administrative agent and sole lender on senior secured credit facilities to support WILsquare Capital’s leveraged buyout of Quest Solutions. Abacus also made an equity co-investment in Quest.
Founded in 1988 and headquartered in St. John, MI, Quest is a provider of roadside assistance and towing network management, outsourced insurance claims handling and point of sale software for auto glass repair providers.
WILsquare is a St. Louis-based private equity firm focused on acquiring and growing lower-middle market businesses in the Midwest and Southern U.S.
“Abacus lived up to its reputation as a firm absolutely focused on meeting sponsor firms’ needs,” said Bill Willhite, WILsquare managing partner and co-founder. “They went out of their way to be super flexible in transaction structuring and were accommodating to our requests at every step of the process.”
“This transaction is yet another example of the results that can be achieved working with firms whose investment strategy dovetails well with our industry knowledge and focus on lower-middle market companies – key ingredients of what we call our Total Partnership Approach,” said Sean McKeever, Abacus managing director and COO.
Abacus team members involved in the transaction included Sean McKeever and Rafal Rydzewski. Goulston & Storrs provided legal counsel to Abacus.
