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


White Oak Delivers $100MM Term Loan Financing to Support IT Services Provider Acquisition

March 29, 2022, 07:40 AM
Filed Under: Technology

White Oak Global Advisors arranged and closed a $100 million term loan to support the acquisition of a large US-based multi-channel IT services provider by a Canadian IT services platform. White Oak’s term loan alongside a $40 million asset-based credit facility provided the platform business with an efficient and holistic funding solution.

“The borrower operates in a very competitive, constantly evolving global industry. Following the acquisition, the company is broadly diversified across industries, geography and product lines,” said White Oak Managing Director Chris Gouskos. “Understanding the various services and product lines and their nuanced attributes was the primary focus of our underwriting. Our ability to underwrite a loan to a very complex business is a testament to our ability to deliver financing solutions in a customer-centric and thoughtful manner.”

“This investment in the IT services sector is consistent with White Oak’s efforts to support top-performing businesses with meaningful market share, a strong base of long-term customers with recurring revenue, and strong leadership,” said John Felix, Head of Originations at White Oak. “It also demonstrates that we continually support our portfolio companies as their stakeholders execute their strategic plans.”

Comments From Our Members

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