Babson Capital Management served as joint lead arranger on a senior secured credit facility to support Genstar Capital in its acquisition of Accruent from TA Associates. Babson also served as administrative agent on a second-lien term loan that was part of the financing package.

Babson served as agent on TA Associates’ original 2013 investment in Accruent and led follow-on financings for four strategic acquisitions that have helped Accruent, founded in California, solidify its position as the world’s largest provider of software solutions for asset, facilities and real estate management.

“Babson played a critical role in supporting us throughout the transaction process,” said Ben Marshall, vice president of Genstar. “We are excited to be partnered with the Babson team going forward to help the company achieve its growth goals.”

“Babson is excited to partner with Genstar on its investment in Accruent,” said Brian C. Baldwin, managing director in Babson’s North American Private Finance Group. “We believe Accruent’s ability to integrate several acquisitions and its solid growth point to continued success, and we are confident that Accruent’s experienced management team can leverage Genstar’s expertise in software, healthcare and other relevant industry verticals to achieve the company’s strategic goals.”