AB Private Credit Investors (AB-PCI) served as Sole Lead Arranger and Administrative Agent of senior secured credit facilities in support of Novacap’s acquisition of Stratus Networks. AB-PCI worked with Novacap to craft a scalable solution, leveraging significant shared expertise in the enterprise fiber industry.
Headquartered in Peoria Heights, Illinois, Stratus Networks is a leading provider of fiber-optic bandwidth infrastructure services. Founded by Co-CEOs John Petrakis and Kevin Morgan in 1999, Stratus has grown to become a leading data and voice networking services provider, with a full suite of products including data, cloud and voice solutions.
Founded in 1981, Novacap is a leading North American private equity firm with over C$8 bil. of AUM that has invested in more than 100 platform companies and completed more than 150 add-on acquisitions. Applying its sector focused approach, Novacap has a history of accelerating company growth and creating long-term value. Novacap has offices in Brossard, Québec and Toronto, Ontario.
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