TSL Express Daily News
The Secured Lender
SFNet's The 81st Annual Convention Issue
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Top 5 Apps for Organizing
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SFNet's 40 Under 40 Award Winners Panel Recap
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
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Potential Impacts of Blockchain on Commercial Lending
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A Commercial Banker’s Tickler Transition Plan
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Selecting a Technology Vendor: 3 Questions to Ask
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Why Back-Office Lending Automation Enhances Customer Satisfaction
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The Lost Art of the Loan Purchase
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Audit Prep: Why a Paperless Approach Makes Sense
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
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Paper Loan Files: Does Your Bank Know the True Cost?
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February 16, 2022
Source: Access Capital
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
