Congruex Group LLC
Overview
| Deal Type |
Debt Capital Markets |
|---|---|
| Size |
$545 Million Senior Secured Credit Facilities |
| Client & Transactional Partners |
Congruex Group LLC Crestview Partners |
| Our Role |
Administrative Agent Joint Bookrunner Left Lead Arranger |
Summary
On May 3, 2022, KeyBanc Capital Markets (KBCM) successfully closed the syndication of $545 million of Senior Secured Credit Facilities for Congruex Group LLC (Congruex or the Company). The $75 million Revolving Credit Facility and $470 million Senior Secured Term Loan B will be used to refinance the Company's existing indebtedness, finance the purchase of two acquisitions, fund working capital needs, and pay transaction related fees and expenses. KBCM served as Left Lead Arranger, Joint Bookrunner, and Administrative Agent on the Company’s inaugural broadly syndicated transaction in the institutional loan market. KBCM was chosen to lead the transaction as a result of deep industry expertise, strong relationship with the Company and Sponsor, and Debt Capital Markets capabilities.
Congruex is an industry-leading platform providing mission-critical, end-to-end engineering and construction services to the telecom industry. The Company has built a harmonized national platform through its transformative acquisitions – CHC Consulting, White Construction, Terra Technologies, HHS Construction, Southeast Utilities of Georgia, Gudenkauf Corporation, True North, Viking/Mabeck, A&M Communications, OVE and Matrix Engineering. Congruex’s full suite of end-to-end services, including engineering, construction & maintenance, legal mandate, and project management, offers a turnkey solution, allowing the Company to address the industry’s full value chain.
Founded in 2004, Crestview Partners is a leading private equity firm with proven expertise in media/telecom, industrial, and financial services investments.
