Lincoln International completed a financing for FKI Security Group (FireKing), a portfolio company of Pfingsten Partners. Lincoln International acted as financial advisor to Pfingsten and FireKing in connection with FireKing’s financing, which consisted of senior secured debt financing provided by PNC Business Credit and Medley Capital.
Proceeds were used to refinance existing indebtedness, to support FireKing’s strategic growth plan and to fund the Company’s ongoing working capital requirements.
Thomas Bagley, founder and senior managing director of Pfingsten, commented, “We are very pleased to have partnered with Lincoln on this financing. Lincoln helped us explore multiple structural options, executed a high quality process and assisted us in securing two excellent financial partners to support FireKing’s growth and development.”
New Albany, IN-based FireKing is a security and loss prevention.
Pfingsten is an operationally focused private equity firm formed in 1989.