Archway announced today it provided a revolving line of credit to support the acquisition of, and the growth and operations of, Entegee, a U.S.-based engineering talent business. Red Dog Equity, an Atlanta-based private equity firm, acquired Entegee from Akkodis, part of the Adecco Group, in partnership with Entegee’s CEO, Kevin McLeod, and Bob Crouch, former CEO of Adecco Group NA.

When an importer pays tariffs on eligible entries and later becomes entitled to recover some or all of those duties, accounting for the potential refund revenue can vary. This is an actively debated issue among ABL lenders, private credit funds, sponsors and auditors at this time because the legal right to the refund is established, but the refund timing, final refund amount and accounting treatment are less straightforward. In principle, tariff refunds can boost borrower liquidity, but there is risk in framing them as predictable cash flow.