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Garrison Investment Group Provides $80MM in Acquisition Financing to QualTek

December 18, 2017, 07:11 AM
Filed Under: Telecom

Affiliates of Garrison Investment Group acted as the sole lead arranger and administrative agent on an $80 million senior secured term loan supporting QualTek USA, LLC’s acquisition of Velocitel, Inc.  No further details on the financing were made available.

QualTek, based in King of Prussia PA, is a world-class technology driven provider of engineering, construction, fulfillment and project management services to the U.S. telecommunications industry.

Garrison Investment Group is a leading provider of financing solutions to lower and middle market companies. Based in New York, the firm provides senior, second-lien, unitranche, junior secured, mezzanine debt and equity co-investments in sponsor-led and non-sponsored transactions.

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