Platinum Equity has refinanced Pomeroy

Lincoln International (“Lincoln ”), a leading global mid-market investment bank, has announced the successful completion of a refinancing for Pomeroy IT Solutions, Inc. (“Pomeroy” or the “Company”), a portfolio company of Platinum Equity Partners (“Platinum”). Pomeroy is a leading provider of outsourced information technology (“IT”) services focused primarily on designing, implementing, and supporting infrastructure technology solutions for Fortune 1000 companies, government entities and mid-market clients.

Lincoln acted as exclusive financial advisor to the Company and Platinum, and privately placed $40 million of junior capital comprised of a $30 million junior term loan and a $10 million committed acquisition line. Proceeds from the transaction were used to finance the Company’s continued growth and make a special one-time dividend to Platinum. The junior capital was provided by THL Credit, Inc. and Triangle Capital Corporation.

As the Company’s exclusive financial advisor, Lincoln worked closely with Platinum and Pomeroy’s senior management team on all aspects of the transaction, helping to structure, arrange and negotiate the financing.

Kevin Smith, Senior Vice President at Platinum, stated, “Lincoln ran an efficient process that effectively positioned the Company to the lending community, reached a wide universe of potential lenders, proactively managed the due diligence process and, ultimately, resulted in a financing package that best fit the Company’s needs. Additionally, Lincoln provided senior-level attention and support throughout the entire transaction, providing insightful and objective advice through to final documentation and funding.”

Ron Kahn, Managing Director and co-head of Lincoln’s Debt Advisory Group, added, “Through Lincoln’s hands-on approach to our transactions and dedication to see a financing through to the very end, we were able to manage a time-consuming process on behalf of our clients, allowing them to focus on growing their business.”

About Pomeroy IT Solutions, Inc.

Pomeroy provides high quality managed IT infrastructure services, professional and staffing services and procurement and logistics services to Fortune 1000 corporations, global outsourcers and the public sector throughout the U.S., Canada and Europe. A recognized leader in the service desk and managed desktop services markets, Pomeroy’s ITIL certified professionals employ a process-centric approach to working with clients, either remotely or on-premise, to plan, design, deploy, manage and ultimately optimize each client’s IT infrastructure, leading to the creation of tangible business value and return on their IT investments. Learn more at www.pomeroy.com.

About Platinum Equity

Platinum Equity is a global M&A&O® firm specializing in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing and distribution. Since its founding in 1995 by Tom Gores, Platinum Equity has completed over 100 acquisitions with more than $27.5 billion in aggregate annual revenue at the time of acquisition. For more information, go to www.platinumequity.com.

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