Sector: Communications/IT Infrastructure and Services
AB Private Credit InvestorsTM ("AB-PCI") acted as co-lead arranger in partnership with Goldman Sachs Specialty Lending Group, L.P. ("GSSLG") for senior secured credit facilities which supported Rockbridge Growth Equity's acquisition of Kings III of America, LLC ("Kings III"), a provider of managed emergency communication solutions.
"The AB-PCI team was very helpful and responsive throughout the process," said Brian Hermelin, Managing Partner, Rockbridge Growth Equity. "Their experience in financing high-growth businesses and ability to deliver a flexible solution enables Rockbridge and Kings III's management to help the company with its continued growth and expansion."
The credit facilities also provide committed funding to support new customer growth. Kings III's subscription-based, turn-key monitoring solution is uniquely positioned to capture share in the emergency communications market.
About Kings III: Kings III designs, manufactures, installs and provides 24/7 monitoring service for emergency telephones, primarily in elevators and pool facilities. The company was founded in 1989 and is headquartered in Dallas, TX.
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