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Churchill Asset Management Backs Stone Point’s Acquisition of Eliassen

December 04, 2018, 08:00 AM
Filed Under: Consulting Services

Churchill Asset Management LLC announced that it served as Joint Lead Arranger and Joint Bookrunner for a $185 million senior secured credit facility to support the acquisition of Eliassen Group, LLC by funds managed by Stone Point Capital LLC.

Founded in 1989 and headquartered in Reading, MA, Eliassen is a leading provider of strategic consulting and talent solutions, with a focus on IT staffing, Agile consulting, creative services, managed services, government solutions and life sciences. The company has 20 offices across the country and serves over 400 clients.

“Over the last 30 years, Eliassen has built an award-winning platform known for delivering differentiated, high-value resources that empower clients to execute their business strategy, innovate and scale effectively,” said Randy Schwimmer, Senior Managing Director and Head of Origination & Capital Markets at Churchill. “We look forward to supporting Stone Point and Eliassen’s management team as the company continues on its phenomenal growth trajectory, particularly while leveraging Stone Point’s vast network within the global financial services industry.”

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