AB Private Credit InvestorsTM (AB-PCI) joined incumbent and new lenders to provide a New Senior Secured Note to support Flexpoint Ford, LLC, in its acquisition of Purchasing Power, LLC.
AB-PCI is pleased to partner with Flexpoint Ford and management, and looks forward to supporting the Company's continued growth.
"The Company's unique business model delivers a strong value proposition to its customers and their employees," said Daniel Weiss of AB-PCI, "We are excited to help finance the Purchasing Power acquisition and support management as they enter the next phase of growth."
About Purchasing Power: Purchasing Power, LLC, is one of the fastest-growing voluntary benefit companies in the industry, offering a leading employee purchase program for consumer products and services as well as providing financial tools and resources to improve employee financial wellness. Purchasing Power is available to millions of people through large companies including Fortune 500s, associations and government agencies. Headquartered in Atlanta, Purchasing Power is 'Powering People to a Better LifeTM' through its employee purchase program, financial literacy efforts and corporate social responsibility initiatives.
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This announcement is not a recommendation of, or offer to buy or sell any security or financial instrument.