Situation

At the beginning of 2024, ACS focused on accelerating growth in its core markets while expanding into new regions, including a recent launch in India. To support its ambitious growth strategies and operational improvements, ACS sought to refinance its existing debt facilities to increase liquidity and provide the financial flexibility needed to fuel near-term growth initiatives.   

Engagement

G2 Capital Advisors, LLC (“G2”) was engaged in fall 2023 as ACS’s exclusive financial advisor. G2 began by providing strategic support with financial forecasting, valuation analysis, and a credit agreement amendment. By Spring 2024, ACS chose to explore refinancing options for its debt facilities and entrusted G2’s Capital Markets team to lead a competitive process. 

G2 worked to identify and secure an optimal financing structure that aligned with ACS’s strategic objectives, focusing on flexibility and scalability to fuel sustained growth.  

Outcome

With G2’s guidance, ACS successfully closed a transformative credit facility in partnership with PGIM Private Capital (“PGIM”) and incumbent lender Citizens Bank (“Citizens”). The new financing package includes a revolving line of credit and a term loan, significantly enhancing ACS’s liquidity and structural flexibility. These new resources enable ACS to allocate more operating cash flow toward strategic growth initiatives, particularly within its emerging green energy segment.  

Jeffrey Buckler, President and Chief Operating Officer of ACS said, “This milestone reflects ACS’s dedication to innovation and long-term growth. With the support of PGIM and Citizens, we’re well-positioned to expand our global presence, enter new markets, and continue delivering exceptional value to our customers. We’re especially grateful to G2 Capital Advisors for their guidance and partnership in securing a financial structure that aligns with our strategic vision.” 

Reed Upson, Managing Director of Capital Markets at G2 added, “It was a pleasure working with the ACS team on this refinancing. The Buckler and Botvin families have built a market-leading, fourth-generation business with exceptional operational expertise and strategic vision. This partnership with PGIM and Citizens ensures ACS has the financial agility to drive growth and invest in emerging opportunities.”