Churchill Asset Management served as joint lead arranger and joint bookrunner on a $185 million senior secured credit facility. The funds were used to support Stone Point Capital’s acquisition of Eliassen Group.

Founded in 1989 and headquartered in Reading, MA, Eliassen provides strategic consulting and talent solutions, with a focus on IT staffing, agile consulting, creative services, managed services, government solutions and life sciences. The company has 20 offices across the country and serves over 400 clients.

Based in Greenwich, CT, Stone Point is a financial services-focused private equity firm that has raised and managed seven funds with aggregate committed capital of approximately $19 billion.

“Over the last 30 years, Eliassen has built an award-winning platform known for delivering differentiated, high-value resources that empower clients to execute their business strategy, innovate and scale effectively,” said Randy Schwimmer, senior managing director and head of Origination & Capital Markets at Churchill. “We look forward to supporting Stone Point and Eliassen’s management team as the company continues on its phenomenal growth trajectory, particularly while leveraging Stone Point’s vast network within the global financial services industry.”

The financing represents the second transaction that Churchill has completed in support of Stone Point.

Based in New York, Churchill Asset Management provides senior and unitranche debt financing to middle market companies, particularly those backed by top-tier private equity sponsors.