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Abacus Finance Provides Senior Debt Financing Supporting Acquisition of Kingston Brass by LongueVue Capital

April 02, 2024, 07:00 AM
Filed Under: Specialty Industries

Abacus Finance Group served as Administrative Agent and Sole Lender for senior secured credit facilities to support the acquisition of Kingston Brass by LongueVue Capital.

Kingston Brass, established in 1998 and headquartered in Chino, CA, is a leading designer and distributor of kitchen and bathroom fixtures, bathtubs, and accessories. Founded in 2001, LongueVue Capital (“LVC”) is a New Orleans-based private equity firm that focuses 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.

“We are extremely grateful to the Abacus team for their support of nine LVC platforms over the last six years,” commented LVC’s Managing Partner Ryan Nagim. “This was another smoothly executed transaction, which is their hallmark.”

“We are happy to support another strong transaction brought to us by the LongueVue team,” said Tim Clifford, President and CEO of Abacus Finance. “As in other transactions, our success was a function of our speed, structural flexibility, and certainty of close – key aspects of what we call our Total Partnership Approach™.” “LongueVue is a strong partner and always great to work with,” added Abacus Managing Director Eric Petersen.  

Abacus team members involved in the transaction included Eric Petersen, Greg Scanlon, and Matthew Campanella. Legal counsel was provided to Abacus by Goulston & Storrs, PC.

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