Brightwood Capital Advisors Provides Financing to Support Plexus Capital’s Acquisition of Southern Elevator Group

NEW YORK--(BUSINESS WIRE)--Brightwood Capital Advisors, LLC, a private credit firm, announced it has provided financing to support the acquisition of Southern Elevator Group, Inc. (“Southern” or the “Company”) by Plexus Capital (“Plexus”).

Southern Elevator Group is a provider of elevator maintenance, modernization, installation, and repair services with over 70 years of experience. The company’s portfolio covers a broad range of industries, from commercial buildings to educational buildings, industrial facilities, residential complexes, healthcare facilities, and beyond. Through this new chapter with Plexus, Southern is poised to accelerate its growth and enhance its service offerings.

"We are pleased to support Plexus' acquisition of Southern, which will position the Company for future growth while maintaining its focus on customer service and safety across a broad range of industries,” said Kunal Shah, Managing Director at Brightwood. “Both companies have a proven track record of dependability and success, and we look forward to their growth through this next phase of business.”

"Brightwood has deep experience investing within the business services sector, and we’re pleased to continue to build our portfolio in the space through meaningful transactions like this one,” Sengal Selassie, Managing Partner and Chief Executive Officer of Brightwood, added. “Southern provides services and expertise critical to enabling every-day functions across the elevator industry, and we look forward to supporting the Company’s continued success.”

About Brightwood Capital Advisors

Brightwood Capital Advisors, LLC is a private credit firm with a long-standing track record of investing in middle market businesses. Brightwood specializes in providing senior debt capital primarily to U.S. businesses with $5-$75 million of EBITDA within five core industries: technology & telecommunications, healthcare, business services, transportation & logistics and franchising. Brightwood partners with non-sponsored businesses as well as private equity sponsors to provide customized financing solutions for directly originated investments.

Founded in 2010, Brightwood is a minority-owned firm with a team of over 50 employees who manage more than $5 billion of assets on behalf of its primarily institutional investor base. Brightwood is headquartered in New York City. For more information, please visit: https://brightwoodlp.com/.