LBC Credit Partners has a history of working in the middle market, but by creating two separate yet complementary investment strategies, it has developed an active pipeline in the lower middle market as well. Don Rice of LBC Small Cap explains the origins of the business unit as well as its approach and symbiotic relationship with LBC Credit Partners overall.
LBC Small Cap 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.
LBC Small Cap, an affiliate of LBC Credit Partners, recently provided financing to support the growth of two U.S.-based lower middle market companies. In addition, the company added Chris Weidner to the investment team as a senior associate.
LBC Small Cap provided senior secured credit facilities and an equity co-investment to support the acquisition of TalentSmart by Seaside Equity Partners.
LBC Small Cap, an affiliate of LBC Credit Partners, provided a senior secured term loan and equity co-investment to support the acquisition of Auchinachie by Astar Heating & Air, a portfolio company of Dubin Clark.
LBC Small Cap served as administrative agent and sole lead arranger for an unitranche credit facility and equity co-investment to support Susquehanna Private Capital’s acquisition of McNally Industries.