CSL’s facility consisted of a revolving credit facility, term loan and delayed draw term loan.
McLean, VA-based Ntiva is a provider of outsourced managed IT services for small and medium-sized businesses. Ntiva generates revenue by providing IT management and support services to its clients, including 24/7 remote help-desk support, outsourced chief information officer services, procurement of IT hardware and software, IT consulting as well as hosted and managed services.
“We chose to work with Crestline’s Specialty Lending team due to their deep experience in outsourced IT services,” said Heb James, partner at Southfield. “CSL was a great partner throughout the transaction process and their flexible credit facility will help Ntiva continue to capitalize on near-term growth opportunities.”
“We have been impressed with the strength of Ntiva’s management team and the growth the company has achieved to date,” said Will Palmer, director at Crestline. “We are excited to provide financing for Southfield’s acquisition of the business and look forward to supporting Ntiva’s next stage of growth.”
Fort Worth, TX-based CSL provides $10 million to 100 million senior secured, unitranche and second lien financings to lower-middle and middle market companies in North America and Europe.