LBC Credit Partners provided senior secured credit facilities to support the acquisition of Magnolia River International, Inc. by Warren Equity Partners.
Founded in 2000 and based in Decatur, AL, Magnolia River provides inspection, engineering, GIS, and technology solutions for utility and natural gas pipeline infrastructure and operations. Utility, municipality, and industrial customers across the Southeast, Southwest, and Midwest rely on the Company for their pipeline replacement, deployment, and maintenance requirements. Magnolia River also offers a suite of proprietary technology solutions within its GeoCurrent business unit to empower utility and pipeline operators through value-based technology to reduce costs, make field work more efficient, and meet regulatory needs.
Warren Equity Partners is a private equity firm that invests in middle market operating companies primarily in North America. The firm focuses on situations where additional capital and operating resources can accelerate growth, targeting the industrial, infrastructure, and business services sectors. Warren Equity Partners invests in the form of buyouts, growth equity, and recapitalizations.
LBC served as Agent and Sole Lender for the senior secured credit facilities.