Abacus backs LonguVue’s investment in Wagner Logistics

Abacus Finance Group has provided credit facilities to back LongueVue Capital's investment in Wagner Logistics.

Abacus Finance Group has provided credit facilities to back LongueVue Capital’s investment in Wagner Logistics. No financial terms were disclosed. Based in Kansas City, Wagner is a third party logistics provider.

PRESS RELEASE

New York, NY, January 5, 2022 – Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Sole Lead Arranger for senior secured credit facilities to support the growth investment in Wagner Logistics by LongueVue Capital.
Founded in 1946 and headquartered in Kansas City, Wagner is a 3PL (Third Party Logistics Provider) providing contract warehousing and fulfillment and related transportation services to a blue-chip customer base that includes three of the largest paper and packaging companies. Founded in 2001, LongueVue Capital is a New Orleans-based private equity firm that focuses on providing human capital, financial capital, and a skill set built upon a successful 20-year track record of partnering with entrepreneurs and management teams to drive value creation in middle market companies.

“It is always a pleasure to work with Eric and Rafal,” said LongueVue Partner Ray Jeandron, III. “This is our fifth financing with those animals, and they do not disappoint.”

“Everyone on this deal team will be promoted,” said Tim Clifford, President and CEO of Abacus. Added Abacus Managing Director Eric Petersen, “The team at LongueVue is always great to work with, and their long track record in logistics made underwriting easy.”

Abacus team members involved in the transaction included Eric Petersen and Rafal Rydzewski. Legal counsel was provided to Abacus by Goulston & Storrs, PC.

About Wagner Logistics
Founded in 1946 and headquartered in Kansas City, Wagner is a 3PL (Third Party Logistics Provider) providing contract warehousing and fulfillment and related transportation services to a blue-chip customer base that includes three of the largest paper and packaging companies, as well as other large industrial companies. Wagner-managed facilities and associated logistics drive down costs and move products through customer supply chains, on time and accurately. Although serving a range of customers, the company has a niche focus on the packaging/corrugated sector. For more information, please visit www.wagnerlogistics

About LongueVue Capital
Founded in 2001, LongueVue Capital is a New Orleans-based private equity firm that focuses on providing human capital, financial capital, and a skill set built upon a successful 20-year track record of partnering with entrepreneurs and management teams to drive value creation in middle market companies. Having managed over $500 million of capital spanning three funds coupled with 150 years of combined operating and investing experience, LVC’s team is the ideal partner for middle market companies at inflection points and seeking to maximize value. LVC has made successful investments in a wide variety of industries including specialty manufacturing, transportation and logistics, healthcare, business and industrial services, and food and beverage. For more information, please visit www.lvcpartners.com.For more information, please visit lvcpartners.com

About Abacus Finance Group, LLC
Celebrating its tenth anniversary in 2021, Abacus Finance is a leading direct lending company, focused on providing cash flow senior financing to private equity/family office-sponsored, lower-middle market companies across diverse industries. Since Abacus’s inception in 2011, it has closed over $2 billion in financings. The firm targets private debt financing opportunities of up to $50 million and finances companies with EBITDA between $3 million and $15 million. Abacus is an affiliate of New York Private Bank & Trust, which was founded in 1850.