Franklin Square Capital Partners announced the origination of a senior secured term loan to Blueprint Sub dba iSqFt. The new financing will recapitalize iSqFt’s balance sheet and support its acquisitions of construction data companies BidClerk and CDC Publishing. iSqFt is a portfolio company of Genstar Capital, a San Francisco-based middle market private equity investment firm focused on the software, healthcare, financial services and industrial technology sectors.
The financing was provided by FS Investment, FS Investment Corporation II and FS Investment Corporation III, BDCs managed by affiliates of Franklin Square and sub-advised by an affiliate of GSO Capital Partners LP.
“We are excited to work with Genstar and iSqFt to finance one of the largest construction software companies in the marketplace today,” said Michael C. Forman, chairman and CEO of FSIC, FSIC II and FSIC III. “The scale of our platform gives us the ability to provide customized financing solutions to our clients and to support our portfolio companies as they develop and grow their businesses.”
Cincinnati-headquartered iSqFt is a provider of cloud-based software tools, data and analytics to building product manufacturers, general contractors and subcontractors.