ABC Technologies obtains debt commitment for $255M acquisition

ABC Technologies Holdings Inc. received a debt commitment to finance a $255 million purchase of dlhBOWLES Inc. from MPE Partners. Funds of Apollo and Oaktree are the lenders, public documents showed.

Apollo and Oaktree funds will receive common shares of ABC Technologies in a private placement and participate in a rights offering as part of the transaction.

ABC Technologies manufactures custom engineered plastics for the North American light vehicle industry, including systems for HVAC, exteriors, and fluid management.