Barings served as a joint lead arranger on a senior secured credit facility to support New Mountain Capital‘s acquisition of DRB Systems.

Founded in 1984 and based in Akron, OH, DRB Systems is a provider of turnkey technology solutions used to enhance the operational efficiency of car wash sites across the U.S. DRB’s integrated technology offering includes hardware and software used in point-of-sale and tunnel control systems as well as ancillary modules to support marketing, human resources and business analytics.

“New Mountain Capital is pleased to have completed its investment in DRB Systems,” said Jack Qian, director of New Mountain Capital. Laura Holson, head of Capital Markets at New Mountain added, “We deeply value Barings’ support as a financing partner as we look ahead towards DRB’s exciting future.”

“Barings appreciates the opportunity to support New Mountain Capital on its investment in DRB Systems,” said Jessica Lee, a managing director in Barings’ North American Private Finance Group. “DRB Systems is an undisputed market leader with a compelling value proposition, and we are looking forward to supporting its continued growth.”