| CoBiz Structured Finance Provides Acquisition Credit Facility to AccountabilIT, LLC
CoBiz Structured Finance is pleased to announce that it has provided $6,045,000 in senior secured financing to support AccountabilIT's acquisition of the North American Managed Services Division of Business & Decision.
AccountabilIT is a premier managed hosting/enterprise resource planning company based in Scottsdale, Arizona. The company focuses on managing its clients' mission critical information systems and applications across the entire technology stack.
CoBiz Structured Finance is a division of CoBiz Financial, a publicly traded company (Nasdaq: COBZ). CoBiz Structured Finance has crafted structured finance solutions for lower middle-market companies since 2004. We cater to businesses and equity investors throughout the greater Rocky Mountain region and western United States seeking senior debt up to $15,000,000 for acquisitions, recapitalizations, refinancings and growth capital. CREO Capital Advisors acted as financial advisor to AccountabilIT, LLC. For more information on CREO Capital Advisors, contact William Koenig at 602.769.4501.
For further information relating to this deal or interest in other financing provided by CoBiz Structured Finance, please contact Paul Stanford or Michael Grabarz.
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