[CHICAGO] – O2 Sponsor Finance, a division of Old Second National Bank, announced that it has provided senior secured credit facilities to support Fort Point Capital in its acquisition of NewBold Corporation, a leading provider of point-of-sale technology services based in Rocky Mount, Virginia. This financing strengthens Fort Point Capital’s strategy to build a robust platform in the technology services sector, adding NewBold’s expertise in payment solutions, managed IT services, and hardware support to its portfolio.
The senior secured credit facilities, tailored by O2 Sponsor Finance, enable Fort Point Capital to acquire NewBold, a company serving a diverse client base across retail, hospitality, and other industries with over 30 years of operational history. The funding supports NewBold’s ongoing growth initiatives, including expanding its service offerings and geographic reach, while providing liquidity for operational enhancements. This transaction aligns with O2 Sponsor Finance’s mission to fuel middle-market acquisitions, leveraging Old Second National Bank’s financial infrastructure to deliver flexible, cash-flow-based solutions. The deal positions Fort Point Capital and NewBold to capitalize on rising demand for tech-driven services in 2025’s dynamic market. Read the full announcement here.
