Access Capital Closes $2 Million Facility with LMS

Access Capital is pleased to share news of its latest transaction with Logical Maintenance Solutions (“LMS”) and its holding company, Ovation LMS LLC (“Ovation”).

LMS is based in Irvine, California and provides service solutions for multi-vendor IT computer equipment and peripherals for customers in the federal, commercial, industrial, and retail industries.

The company was founded in 2001 as a printer and copier repair provider serving clients in southern California with its geographic footprint later expanding to a nationwide operation.

Ovation is an entity formed by business consultant Sameer Mittal for the purpose of purchasing LMS from its existing shareholders.

Access Capital provided a $2 million revolving facility, part of which was utilized by Ovation to complete its acquisition of LMS. The revolver will also be used for LMS’ working capital to support the company’s continued growth.

About Access Capital: We are the nation’s foremost lender to staffing enterprises and have been serving the industry providing asset-based lending and acquisition financing for over three decades.

Vince Grillo
vgrillo@accesscapital.com
(212) 644-9300, ext. 103

John McGraw
jmcgraw@accesscapital.com
(212) 644-9300, ext. 101

Paul Mehring
pmehring@accesscapital.com
(212) 644-9300, ext. 167
accesscapital.com