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Access Capital Closes $2MM Revolving Credit Facility with LMS

February 17, 2022, 07:00 AM
Filed Under: Technology
Related: Access Capital

Access Capital closed a transaction with Logical Maintenance Solutions (“LMS”) and its holding company, Ovation LMS LLC (“Ovation”). Access Capital provided a $2 million revolving facility, part of which was utilized by Ovation to complete its acquisition of LMS. The revolver will also be used for LMS’ working capital to support the company’s continued growth.
LMS is based in Irvine, California and provides service solutions for multi-vendor IT computer equipment and peripherals for customers in the federal, commercial, industrial, and retail industries.  

The company was founded in 2001 as a printer and copier repair provider serving clients in southern California with its geographic footprint later expanding to a nationwide operation.
Ovation is an entity formed by business consultant Sameer Mittal for the purpose of purchasing LMS from its existing shareholders.

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