Daily News: May 8, 2019

Abacus Finance Supports In-Place Machining Refi


Abacus Finance Group served as administrative agent and sole lender for $27.7 million in senior facilities to support  the refinancing of In-Place Machining Company by Platte River Equity.

In-Place Machining Company designs and develops specialized machine tool systems and provides precision field machining and measurement services to a broad range of industries.

“It’s always a pleasure working with Abacus – they are always very practical in their approach, allowing for great speed and a high level of confidence in their execution,” said Platte River Equity Managing Director Mark Brown.

In-Place Machining designs and develops specialized machine tool systems and provides precision field machining and measurement services to a broad range of industries.

Based in Denver, Platte River Equity is a private equity firm focused on equity investments.