Daily News: July 1, 2019

PineBridge Agents $106MM Facility for SCA

Sweeping Corporation of America (SCA), a Soundcore Capital Partners portfolio company, entered into a $106 million credit facility led by PineBridge Private Credit.

PineBridge served as the sole lead arranger and administrative agent for the facility, which will provide support for upcoming add-on acquisitions and growth initiatives.

“SCA has grown rapidly, acting as a leader in the self-performing power sweeping space, both through organic growth and acquisition,” said John Landefeld, CFO of SCA. “We plan on continuing to expand within our existing footprint and continue to look for best in class operators to partner with in new markets. We look forward to working with PineBridge to execute on this strategy.”

Cleveland-based SCA services municipalities, departments of transportation, road and paving contractors, retail and commercial parking lots, and industrial complexes.