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Stellus Capital Management Provides Unitranche Financing Supporting BV Investment Partners’ Investment in The Hardenbergh Group

September 06, 2023, 07:00 AM
Filed Under: Staffing Services

Stellus Capital Management announced that its affiliates acted as administrative agent and provided senior debt financing and an equity co-investment in support of BV Investment Partners’ (“BV”) growth-oriented investment in The Hardenbergh Group (“THG”), a leading provider of non-clinical professional staffing, consulting, physician peer review and outsourced solutions to healthcare organizations nationwide.

Founded in 1991 by Mary Hardenbergh and based in Livonia, Michigan, The Hardenbergh Group is the gold standard in high-value consulting and the interim staffing of medical services professionals and other non-clinical roles essential to patient safety, quality of care and other governance, risk and compliance (GRC) requirements of leading healthcare organizations.

Matt Siatczynski, Vice President of BV, said, “We are excited to partner with Stellus and appreciate their support and thoughtful approach during the financing process,” he added, “We look forward to expanding our relationship with Stellus to jointly support Hardenbergh’s strategic growth plan.”

“We are pleased to partner with BV, a premier middle-market private equity firm, and for the opportunity to support the Hardenbergh Group,” said Bill Haverland, Principal at Stellus, adding, “We believe THG’s mission-critical solutions and strategic long-term vision alongside BV’s industry network and expertise, will enable continued success as the market leader in addressing critical GRC requirements faced by the healthcare industry.”

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