LBC Small Cap backs O2’s buyout of SIB

LBC Small Cap has provided financing to back O2 Investment Partners’ acquisition of SIB Fixed Cost Reduction. No financial terms were disclosed. Based in Charleston, South Carolina, SIB is a provider of cost reduction services.

PRESS RELEASE

LBC Small Cap provided a secured mezzanine investment to support the acquisition of SIB Fixed Cost Reduction (“SIB”) by O2 Investment Partners.

Founded by Dan Schneider in 2008 and headquartered in Charleston, South Carolina, SIB is a leading provider of cost reduction services providing invoice analysis, vendor negotiation, and cost monitoring over numerous expense categories for customers across a variety of end markets. O2 Investment Partners is a Midwestern-based private equity firm that seeks to acquire majority interests in lower middle market B2B services, technology, and select niche industrial companies. O2 invests in businesses with earnings growth potential and a clear path to the creation of shareholder value.