Churchill supports Court Square’s buyout of Momentum Telecom

Churchill Asset Management provided a $111 million credit facility to back Court Square Partners‘ acquisition of Momentum Telecom. Based in Birmingham, Alabama, Momentum Telecom is a provider of business voice, broadband management and unified communications software.

PRESS RELEASE

New York, September 5, 2018 – Churchill Asset Management (“Churchill”) today announced that it served as Joint Lead Arranger and Joint Bookrunner for a $111 million first lien credit facility to support the purchase of MBS Holdings, Inc. (“Momentum Telecom”) by Court Square Capital Partners (“Court Square”).

Headquartered in Birmingham, AL, Momentum Telecom is a premier provider of Business Voice, Broadband Management and Unified Communications solutions. Founded in 2001, the Company offers smart, customizable cloud solutions such as voice, video and collaboration that enhance business productivity and efficiency for direct customers and more than 500 partners nationwide.

“The transition from on-premise to cloud-based communication solutions is still in its infancy stage. Momentum Telecom has been able to capitalize on this shift and has done a great job on executing its go-to-market strategy to date,” said Randy Schwimmer, Senior Managing Director and Head of Origination & Capital Markets at Churchill. “We are pleased to support Court Square on this acquisition and we look forward to working with them on future opportunities.”

The financing represents the seventh transaction that the Churchill platform has completed in support of Court Square. Court Square is a leading New York, NY-based private equity firm that has completed over 220 investments over the last three decades in the business services, general industrial, healthcare, and technology and telecommunications industries.

About Churchill Asset Management
Based in New York, Churchill Asset Management LLC is a leading provider of senior and unitranche debt financing for middle market companies, particularly those backed by top-tier private equity sponsors. Churchill has $4.4 billion of committed capital under management and has broad experience in all aspects of the middle market financing business, including structuring, credit analysis, syndication, and deal monitoring and oversight. More information can be found at www.churchillam.com.

About Court Square Capital Partners
Court Square is a middle market private equity firm with one of the most experienced investment teams in the industry. Since 1979, the team has completed over 220 investments, including several landmark transactions, and has developed numerous businesses into leaders in their respective markets. Court Square invests in companies that have compelling growth potential within the business services, general industrial, healthcare, and technology and telecommunications sectors. The firm has $4.2 billion of assets under management and is based in New York, N.Y.
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