Daily News: September 24, 2018

Abacus Provides $20MM Facility to Support AccountabilIT Recap


Abacus Finance Group served as administrative agent and lead arranger on $20 million in senior secured credit facilities to support the recapitalization of AccountabilIT by WestView Capital Partners.

Abacus also made an equity co-investment in AccountabilIT.

Founded in 2016 and headquartered in Scottsdale, AZ, AccountabilIT is a full spectrum information technology services firm that strives to be a seamless extension of its clients’ IT organizations. WestView Capital Partners, a Boston-based private equity firm focused exclusively on middle market growth companies, manages approximately $1.7 billion in capital across four funds.

“It was great to work once again with the WestView principals, some of whom we have known for more than a decade,” said Tim Clifford, president and CEO of Abacus. “They have consistently brought us attractive opportunities like AccountabilIT that align well with our investment strategy.”