Abacus Finance Group served as Senior Secured Credit Facilities Administrative Agent and Sole Lender for senior secured credit facilities to support the financing of Automated Handling Solutions by May River Capital. Abacus made an equity co-investment in Automated Handling Solutions.

Automated Handling Solutions, formed through the successful combination of Cablevey Conveyors and Spiroflow Systems,?is a global provider of specialty conveyor and material handling and automation equipment technologies that help processors manage their lines?effectively and efficiently. May River Capital is a Chicago-based private equity firm focused on investing in lower middle-market, industrial growth companies.
 
“This was a very smooth process from our perspective,” said May River Principal, Angela McCoy. “Given our prior experience working with Abacus, selecting them as our senior lender on this transaction was an easy choice,” she added.

“Abacus was pleased to utilize its Synthetic One-StopTM product offering to assist May River with this transaction,” said Tim Clifford, President and CEO of Abacus. “We pride ourselves on offering seamless execution and were pleased to partner once again with the May River Team.” Added Abacus Managing Director Seth Friedman, “We were excited to have closed on our second platform with May River Capital. The firm’s experience in the vertical afforded us the ability for a quick and easy underwriting process.”

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