AB Private Credit Investors (“AB-PCI”) served as Lead Arranger and Administrative Agent for a senior credit facility in support of JMI Equity’s acquisition of Fullbay in partnership with the incumbent sponsor Mainsail Partners.
Based in Phoenix, Arizona, Fullbay automates the operations of heavy-duty repair shops and internal fleet maintenance departments to create more efficient, focused and faster organizations. The company provides a turn-key platform that connects every function of the business in real time from any location to improve workflow and create transparency in operations. Founded in 2014, Fullbay focuses on delivering operational excellence, preventive maintenance solutions, and inventory management optimization to its wide variety of customers.
JMI Equity is a growth equity firm focused on investing in leading software companies. To date, JMI has invested in over 185 software businesses in North America and Europe and completed over 120 exits. Today, the Firm’s portfolio of industry-leading cloud software companies represents $9 billion in combined revenue, $75 billion in aggregate enterprise value, and over 37,000 jobs.
Mainsail Partners is a growth equity firm that partners with founders of bootstrapped software companies to help them realize their potential. Mainsail offers assistance across various functional areas, including talent, finance, customer success, sales and marketing, product management, and R&D. With offices in Austin and San Francisco, the firm has raised over $2.2 billion in committed capital and invested in more than seventy companies.
