LBC Small Cap, an affiliate of LBC Credit Partners, provided senior secured credit facilities to Avision Sales Group, a portfolio company of Osceola Capital. The investment will support Avision’s acquisition of Apex Reps, a provider of outsourced sales and marketing services for janitorial and sanitation manufacturers in the Midwest.
LBC Small Cap partnered with GarMark Partners to provide the senior secured credit facilities to Avision. LBC served as agent and sole lead arranger.
Avision is a full-service manufacturer’s representative agency specializing in the sales and marketing of products serving janitorial, sanitation, food service disposable, safety, equipment and supply industries.
“We are excited to partner with Avision Sales Group and Osceola Capital on this investment,” Don Rice, partner at LBC Small Cap, said. “Avision is a dynamic and growing company with a long history of providing first-rate service to its manufacturer clients. The Company’s janitorial and sanitation and foodservice disposable products should experience increased demand in light of the COVID-19 pandemic.”
Osceola Capital is a Tampa-based private equity firm that invests in lower middle-market services companies, typically with EBITDA of $2 million to $10 million.