Abacus Finance Group, a provider of cash flow-based, classic senior debt for sponsor-led acquisitions of middle-market companies, served as senior secured credit facilities administrative agent and lead arranger to support the acquisition of Senproco and Groomer’s Choice by Harbour Group. Abacus Finance also made an equity co-investment in Senproco and Groomer’s Choice.
“The Abacus team was a great partner for us in this transaction,” Gary Beinke, chief financial officer of Harbour Group, said. “They were easy to work with, able to meet a tight timeline and provided a seamless closing.”
“We are honored to be entering into our first transaction with Harbour Group, a firm with a long and distinguished history,” Tim Clifford, CEO and co-founder of Abacus, said.
“It is both a pleasure and a privilege to work with Harbour Group, a firm with a longstanding history of investing and supporting middle market businesses,” Rafal Rydzewski, senior vice president of Abacus, said.
Greg Scanlon was also a member of the Abacus transaction team. Legal counsel was provided to Abacus by Goulston & Storrs.
