LBC Credit Partners Provides Financing for the Acquisition of Kimmich Software Systems and NetCentric Technology by Vistronix
PHILADELPHIA, Jan. 14, 2014 /PRNewswire/ -- LBC Credit Partners ("LBC"), a leading provider of financing solutions to middle market companies, agented a senior secured revolving credit and term loan facility to support the purchases of Kimmich Software Systems, Inc. ("KSSI") and NetCentric Technology, Inc. by Vistronix, LLC (the "Company"). The acquisitions significantly expand the Company's mission-oriented technology solutions and technical capabilities for government customers. The Company also refinanced existing indebtedness with the new facility.
Founded in 1990, Vistronix is a leading provider of intelligence and technology solutions to federal security agencies. The Company provides national security systems, solutions, and services that protect the United States' safety, security and economic well-being through ingenuity, technology innovation and mission expertise. Vistronix's offerings leverage its differentiated capabilities in big data analytics, cyber operations, cloud computing, signals processing and geospatial decision support for government customers.
KSSI provides systems and software engineering to the U.S. Intelligence Community. NetCentric Technology provides systems engineering and integration, CLOUD technologies, cyber security and software development for the Department of Defense's C4ISR domain and technologies for the United States Army.
About LBC Credit Partners
LBC Credit Partners is a leading provider of middle market financing solutions including senior term, unitranche, second lien, junior secured and mezzanine debt and equity co-investments supporting sponsored and non-sponsored transactions. With over $1.4 billion* of committed capital, LBC has made investments in companies located throughout North America across a wide range of industries and is committed to a long-term approach to debt investing. Headquartered in Philadelphia, LBC has additional offices in Chicago and New York City.
To learn more about LBC Credit Partners, visit www.lbccredit.com.
*Information as of December 2013.
Phone: (610) 631-5702
SOURCE LBC Credit Partners