Abacus Finance Group served as senior secured credit facilities administrative agent and lead arranger for senior secured credit facilities to support the acquisition of Workplace Modular Systems by Accelevation, a LFM Capital portfolio company.
Accelevation is a vertically integrated group of manufacturing companies serving the data center, electric vehicle and robotic markets. Workplace is complementary to one of Accelevation’s subsidiaries, SkyLab, a provider of extrusion components and in-plant material management and engineering support to advanced manufacturing facilities.
Accelevation is headquartered in Springboro, OH, and has been a portfolio company of LFM Capital since August 2022.
Founded in 1946 and based in Londonderry, NH, Workplace designs and manufactures customizable workstations used in the biotechnology industry and other labs.
“As in past transactions, the Abacus team served up fast and efficient execution,” Chris Lin, managing director of LFM Capital, said.
“This was our fourth transaction with LFM Capital, and once again we were able to meet their desire for a smooth execution in a short timeframe, just one of the many attributes of our total partnership approach,” Tim Clifford, president and CEO of Abacus, said.
“They are great to work with, having such a disciplined market focus,” Eric Petersen, managing director at Abacus, said.
Abacus team members involved in the transaction included Petersen and Greg Scanlon. Legal counsel was provided to Abacus by Goulston & Storrs.
