Oak Hill Advisors (OHA) served as a joint lead arranger for the private financing supporting the acquisition of Rimkus Consulting Group, a provider of engineering and technical consulting services, by HGGC. OHA was one of two lenders providing the more than $400 million total financing facility, consisting of a unitranche term loan, delayed-draw term loan and revolver.
“We are pleased to partner with HGGC and deliver our decades-long experience lending to business services companies to support this transaction,” Eric Muller, partner and portfolio manager at OHA, said. “With its best-in-class technical expertise and trusted client relationships, Rimkus has established a strong reputation within the field of engineering consulting, and we look forward to helping advance the company’s growth trajectory alongside its equity partners.”
“We are very excited to continue to strengthen our longstanding partnership with OHA as part of our investment in Rimkus,” Colin Phinisey, partner and head of capital markets at HGGC, said. “In addition to providing capital and a financing structure that is tailored to support our investment thesis, OHA’s experience in engineering consulting offers a differentiated advantage as Rimkus seeks ongoing growth and value creation for all stakeholders.”
