Abacus Finance Group served as Senior Secured Credit Facilities Administrative Agent and Sole Lender to support the investment in Edwards Rigging & Moving by CORE Industrial Partners.  

Founded in 1961, Edwards Moving & Rigging is a provider of heavy hauling and rigging services to the power generation, manufacturing, infrastructure/construction, and other end markets. CORE Industrial Partners is a private equity firm with over $1.58 billion of capital commitments investing in North American lower middle-market manufacturing, industrial technology, and industrial services businesses. 

“When starting any new partnership, building a strong working relationship is key, and we were able to achieve that quickly with CORE Partner Jason Fulton, his team, and the leadership at Edwards Rigging & Moving,” said Tim Clifford, CEO of Abacus Finance. “Our deep expertise in the transportation services sector, ability to close quickly, and flexible approach were all important to CORE Industrial Partners, each a vital element of what we refer to as our Total Partnership Approach™.”

“We are pleased to partner with CORE Industrial on a business that fits well within their investment criteria,” noted Abacus Managing Director Seth Friedman, “and we look forward to supporting them throughout this transaction and future opportunities.” 

Abacus Senior Associate Greg Scanlon also helped lead the transaction. Legal counsel was provided to Abacus by Goulston & Storrs, PC.