Backcast Partners provides senior secured debt and preferred equity to finance an acquisition for one of its portfolio companies
Retrieved on:
Wednesday, July 28, 2021
TAG is a leading US-based commercial and industrial refrigeration services company serving grocery and retail customers in North America ( www.thearcticomgroup.com ).
Key Points:
- TAG is a leading US-based commercial and industrial refrigeration services company serving grocery and retail customers in North America ( www.thearcticomgroup.com ).
- Backcast Managing Partner Ed Cerny said of the investment, "Backcast supported TAG in its inaugural acquisition of two leading HVACR service providers in southern California in late 2017.
- Formed in 2016 by three former Blackstone senior investment professionals, the Backcast team has been supporting traditional middle market companies for decades.
- Backcast, with 11 members on its team, has offices in New York City, Millburn, NJ, and Los Angeles, CA.