Abacus Finance Group served as administrative agent and sole lender for senior secured credit facilities to support the recapitalization of Custom Wheel House (CWH) by Thompson Street Capital Partners.
Abacus also made an equity co-investment in CWH.
Founded in 2010 and headquartered in Santa Fe Springs, CA, CWH is a developer, manufacturer and distributor of aftermarket wheels, tires and accessories for car enthusiasts. Thompson Street Capital Partners is a St. Louis-based private equity firm focused on investing in founder-led middle market businesses.
“Once again, Abacus performed as expected – the team knew the industry well, was responsive, flexible and easy to work with, and the result was a smooth transaction that closed on time,” said Thompson Street Managing Director Liz Borow.