TSL Express Daily News

New York, NY, January 8, 2025 – Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Administrative Agent and Sole Lender to support the leveraged buyout of Motion Sensors by Sentech, Inc., a portfolio company of Astor Place Holdings. 

Motion Sensors is a leading developer of state-of-the-art speed sensors for the industrial, commercial aerospace, space, rail & transit, and military end markets. Sentech is a leading provider of position sensor solutions for a wide range of industries, including industrial, aerospace and defense, and space. Astor Place Holdings is the private investment arm of Select Equity Group, L.P.

“The Abacus team was a great partner for us in this transaction,” said Mark Adams, Managing Director at Astor Place Holdings. “They quickly understood Sentech’s business model and gave us the certainty we were looking for in our financing partner on a tight timeline.”

“We are ecstatic to work with the team at Astor Place Holdings for the first time,” said Tim Clifford, President and CEO of Abacus. “We were very impressed with their investment in Sentech and Motion Sensors and were happy to support them with this add-on acquisition.”

Abacus team members involved in the transaction included Joseph Lee and Austin Rendell. Legal counsel was provided to Abacus by Goulston & Storrs, PC.

About Motion Sensors

Motion Sensors provides its customers with world-class engineering and manufacturing capabilities across a range of industries, including aerospace, rail, military, and power. It develops partnerships with its customers, priding itself on the ability to anticipate and adapt to customer requirements quickly and efficiently. For more information, please visit motionsensors.com.

About Sentech, Inc.

Sentech is a leading provider of sensor solutions for a wide range of industries, including industrial, aerospace, and defense, and space. With a commitment to innovation and customer satisfaction, Sentech delivers high-quality sensor products and services to customers worldwide. For more information, please visit sentechsensors.com.

About Astor Place Holdings
Astor Place Holdings is the private investment arm of Select Equity Group, L.P.  Astor Place deploys patient capital in partnership with exceptional management teams to drive long-term value creation in lower middle market North American companies. For more information, please visit astorplaceholdings.com.

About Abacus Finance Group, LLC

Abacus Finance Group, LLC (including its subsidiaries and affiliates, together “Abacus”) is a leading asset management firm specializing in private credit solutions to the lower middle market. Since Abacus’s inception in 2011, it has closed over $3.5 billion in financings. The firm targets private debt financing opportunities of up to $60 million and finances companies with EBITDA between $3 million and $15 million. The firm is headquartered in New York City and maintains a second office in Portsmouth, New Hampshire. Abacus is an affiliate of New York Private Bank & Trust, which was founded in 1850.

Abacus Finance is located at 6 East 43^rd Street, 12th Floor, New York, NY 10017. All inquiries and new investment opportunities should be directed to Tim Clifford at 212-850-462 or cliffordt@abacusfinance.com. Please visit abacusfinance.com for more information.

Total Partnership Approach™ (TPA), a registered trademark of Abacus Finance, LLC, brings together cash-flow financing expertise, deep industry knowledge, a turnaround time of under 72 hours, and exceptional client service over the lifecycle of each investment – all in all, a comprehensive methodology that reflects our emphasis on growing relationships rather than just focusing on the number of transactions. We encourage sponsors to Count on Us™ because of the deep partnerships we forge by going well above and beyond what they traditionally have come to expect. We don’t believe in the phrase “good enough” – we push ourselves to create custom financing solutions specifically tailored for each transaction.