RADNOR, Pa., Oct. 22, 2024 /PRNewswire/ — Lbc Credit Partners, a leading name in middle market financing solutions, has announced its role in supporting O2 Investment Partners, LP’s (“O2”) recent partnership with Centex Construction (“Centex”). LBC Credit Partners acted as the sole lead arranger and agent, providing a senior secured credit facility to facilitate O2’s investment in Centex and its collaboration with founders Mark Whitehead, Mark Herbert, and David Borne. This financial backing is strategically aimed at fueling Centex Construction’s impressive growth trajectory in the construction and renovation services sector.
Centex Construction, established in 2016 and headquartered in Tomball, TX, has rapidly become a significant provider of renovation, restoration, and maintenance services. The company specializes in serving large-scale multi-family property managers and owners across eight states in the Southeast and Southwest regions of the United States. Centex distinguishes itself through a comprehensive service portfolio, encompassing everything from immediate maintenance repairs to extensive exterior and interior renovations, roofing solutions, restoration projects, amenity upgrades, and rebuild services. The company annually completes thousands of projects, building strong relationships with many of the most recognized national property managers and owners.
O2 Investment Partners, based in the Midwest, is a private equity firm focused on investing in lower middle market B2B services, technology, and select industrial companies. O2 seeks out businesses with substantial earnings growth potential and a clear strategy for creating shareholder value. Their investment philosophy centers on partnering closely with management teams to foster business expansion and guide companies to their next level of development, emphasizing a shared vision and aligned interests.
About LBC Credit Partners
LBC Credit Partners stands out as a premier provider of middle market financing solutions, supporting both sponsored and non-sponsored transactions across a diverse range of industries throughout the U.S. With a robust 19-year history, LBC Credit Partners has deployed over $10.9 billion in financing. The firm became part of CIFC in December 2021, when CIFC acquired LBC Credit Partners, enhancing its global alternative credit platform into the private credit arena. Following the acquisition, CIFC now manages over $43 billion in assets and employs a team of more than 200 professionals across the U.S. and Europe. For deeper insights into LBC Credit Partners and its services, please visit www.lbccredit.com or www.cifc.com.
LBC Credit Partners maintains its headquarters in the Philadelphia area, with an additional office in Chicago, and origination offices in Atlanta, Cleveland, and Los Angeles, ensuring nationwide coverage and client support.
*Data as of June 30, 2024.
Contact Information for LBC Credit Partners:
555 East Lancaster Avenue, Suite 450
Radnor, PA 19087
Tel: 215-972-8900
Fax: 215-567-0138
Media Contact:
Lisa Rubano-Volansky
Tel: 724-301-0765
Email: [email protected]
