“OpenGate engaged with Backbone Capital to arrange the debt financing for our acquisitions of Chemsolv/Chemisphere. Backbone immediately stepped up and worked closely with the OpenGate team to get info materials out to prospect lenders. Backbone became an extension of the OpenGate team, working with lenders, obtaining term sheets, narrowing to the final lender, negotiating credit agreements, […] Read more
Client Reviews
May 17, 2022
“Backbone Capital led the debt financing for X1 Saas software that concluded with a successful closing in a very efficient time-frame. As a lower middle-market growth company, there are niche lenders with very different approaches. Britt Terrell narrowed in on the most appropriate capital sources that yielded the best terms. We were able to close […] Read more
May 17, 2022
“As a UK based Private Equity fund doing our first US acquisition, we needed a US debt advisor that knows the US middle market debt capital markets, has relationships with a wide variety of banks and debt funds, and the transaction experience for tight professional execution under a short time-frame. Both Britt and Chas at Backbone […] Read more
July 17, 2021
“The Backbone team was very proactive at each stage of the financing process, guiding us through term sheet negotiations and credit agreement issues to a successful closing. We appreciate their professionalism and would recommend Backbone to other companies seeking a capital transaction.” […] Read more
March 6, 2019
“We worked closely with Britt Terrell/Backbone who added solid value throughout the process and sourced the debt financing. We look forward to working with Britt on future add-on acquisitions for this platform, as well as other acquisition financings” […] Read more
January 28, 2019
Britt Terrell and I have had a good relationship for a few years and have preliminarily discussed a few opportunities. The Burrana deal is challenging in that it involves a multi-site corporate carve out from Collins Aerospace while also simultaneously executing an integration with digEcor, based in Australia. We engaged Backbone to arrange the senior-unitranch […] Read more
September 4, 2018
Turnspire Capital Partners, a PE firm, targets Special Situation deals, and most are not easy. Turnspire recently signed a purchase agreement to acquire assets of Arecont out of BK via a 363 sale as the Stalking Horse bidder. We engaged Backbone Capital to execute the debt financing process because we felt confident that Britt Terrell […] Read more
August 17, 2018
Avem Partners engaged Backbone Capital/Britt Terrell to help raise the debt and a portion of equity to help Avem acquire the A&D machine shop target company. We all moved very swift and closed a transaction within 60 days. Britt was key in sourcing the capital and working with the Avem team and ushering the process […] Read more
July 18, 2018
Celerity Partners engaged Backbone Capital to help fill the capital structure financing for the recent acquisition of our specialty pharmacy company. Britt Terrell plugged into our team efficiently and quickly sourced appropriate candidate investors, of which one was signed up. Britt/Backbone was a very professional outsourced capital raising group that helped us get the transaction […] Read more
December 4, 2017
We engaged Backbone Capital to work with us in arranging the debt financing for our recent acquisition. The target’s historical performance made for a challenging process, but we worked hard together towards a successful outcome. Backbone added value to the process and we look forward to working again together in the future […] Read more