Tree Line Capital Partners provided a first-lien term loan for McNally Capital’s investment in Re-Sourcing Holdings, which provides staffing, consulting and hiring services. Tree Line currently manages $1.3 billion in investable capital.
Tree Line Capital Partners, LLC (“Tree Line”), a direct lender focused on the lower middle market, served as sole lender for a first lien term loan (the “Credit Facility”) to support McNally Capital’s investment in Re-Sourcing Holdings (“Re-Sourcing”).
Re-Sourcing is a leading provider of strategic staffing, consulting, and direct hire solutions, focusing on Compliance, Legal, Information Technology, Finance & Accounting, and HR positions. The Company serves clients through six premium brands: JW Michaels & Co., Compliance Risk Concepts, ExecuSource, Perennial Resources International, and Partnership Employment, and Technology Navigators.
“We’re pleased to have completed our first deal with Tree Line,” said Adam Lerner, Partner at McNally Capital. “We chose to work with them due to their strong reputation for efficient processes and post-close financing support, and were impressed with their ability to thoughtfully work through deal structuring topics.”
“We are excited to launch a relationship with McNally and Re-Sourcing,” added Jonah Glick, Senior Vice President of Tree Line. “Re-Sourcing, through founder and CEO Joseph Kelly’s stewardship, has established itself as a leader in its markets, and we are excited to partner with them as they continue their impressive history of success. Our buy and build practice is well suited to support Re-Sourcing’s acquisition efforts. The Company has generated an impressive track record of organic growth and we look forward to facilitating further expansion via our additional capital commitment.”
About Tree Line:
Tree Line Capital Partners is a private credit asset management firm focused on direct lending to the lower middle market. The firm provides first lien term loans, unitranche term loans and equity co-investments to lower middle market borrowers with between $3M-$30M of EBITDA in North America in transaction sizes up to $150M. Tree Line currently manages $1.3B in investable capital, and has completed over 90 transactions for acquisitions, recapitalizations, refinancings, expansion projects and other growth capital needs. Tree Line’s team has extensive direct lending experience spanning multiple economic cycles and has generated significant repeat investment opportunities from the private equity community through reliable execution coupled with a direct relationship approach. Tree Line is headquartered in San Francisco with offices in New York and New Orleans.
Visit www.treelinecp.com for additional detail.