Daily News: April 16, 2018

Accel-KKR Supports Green Mountain Technology Recap

Accel-KKR, a technology-focused investment firm, provided a senior secured credit facility to support the Green Mountain Technology management team in its recapitalization of the company.

GMT partners with companies shipping four million parcel shipments annually, helping them improve their ability to compete. GMT brings a view of the market, analytical tools, resource bandwidth and parcel expertise to companies such as Walmart, QVC, Pfizer, General Motors, AT&T Wireless, Costco and Kohl’s.

“Accel-KKR has proven to be a valuable partner in this transaction,” said Craig Russell, co-founder, president and CEO of GMT. “They provided a streamlined financing solution and lived up to the high standard of execution they have established for themselves in the market.”

“We are excited to complete our investment in GMT. Through our diligence process, we came away impressed by GMT’s leading market position, the depth and quality of its management team, as well as the strong differentiation of the company’s platform,” said Samantha Shows, principal and head of Credit Investing at Accel-KKR.