FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Abacus Finance Provides Senior Debt Financing to Support LBO of Traco Packaging

July 19, 2021, 07:22 AM
Filed Under: Manufacturing

Abacus Finance Group served as Administrative Agent and Lead Arranger for senior secured credit facilities to support the leveraged buyout of Traco Packaging by LongueVue Capital.

Traco Packaging, based in Orem, Utah, is a leading U.S. manufacturer and distributor of packaging equipment and shrink film products. Founded in 2001, LongueVue Capital is a New Orleans-based private equity firm focused on providing human capital, financial capital, and a skill set built upon a successful 20-year track record of partnering with entrepreneurs and management teams to drive value creation in middle market companies.

“Once again, it was great to work with the Abacus team,” said LongueVue Partner Ryan Nagim. “This is our fourth transaction with Abacus, and we continuously rely on them for their flexibility and seamless execution capabilities.”

“As Ryan noted, this is our fourth financing with LongueVue, a firm for which we have come to have a great deal of respect,” said Tim Clifford, President and CEO of Abacus. “They are always enjoyable to partner with and know the sector well given their platform history and operating partner network,” added Abacus Director Eric Petersen, “which makes our due diligence easy, an important factor because LVC puts a high value on our flexibility and speed – key aspects of our Total Partnership Approach™.”

Abacus team members involved in the transaction included Eric Petersen and Austin Rendell. Legal counsel was provided to Abacus by Goulston & Storrs, PC.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.