AB Private Credit Investors™ (“AB-PCI”) recently closed a unitranche credit facility to recapitalize Veriforce, a portfolio company of Greenridge Investment Partners. AB-PCI delivered a flexible structure by utilizing its expertise in structuring transactions for high growth software providers.
Veriforce is a leader in regulatory compliance and contractor management solutions for oil and gas companies. Their services include: Operator Qualification (OQ), drug & alcohol testing, computer based training, and contractor safety management. They are the only OQ service provider that verifies, audits, and has complete documentation for all the necessary compliance records.
Greenridge Investment Partners is a private equity firm located in Austin, TX. Greenridge invests in leading middle-market businesses with attractive growth characteristics and proven track records of profitability.
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This announcement is not a recommendation of, or offer to buy or sell any security or financial instrument.