Daily News: July 9, 2019

Abacus Finance Supports Let’s Pave Recap


Abacus Finance Group served as administrative agent and sole lead arranger for senior secured credit facilities to support the recapitalization of Let’s Pave by Saw Mill Capital.

Founded in 2015 and based in Oak Brook, IL, Let’s Pave is a national provider of parking lot maintenance and repair services to multi-location property owners through a network of preferred, local paving partners. Based in Briarcliff Manor, NY, Saw Mill Capital is a private equity firm that acquires facility and industrial service, specialty distribution, and manufacturing businesses with enterprise values of $25 million to $200 million.

“From our perspective, this financing went very smoothly and efficiently,” said Tim Nelson, a partner at Saw Mill Capital. “Everything was completed on schedule, we received early assurance of closure, and the Abacus team proved to be responsive, flexible, and easy to work with.”