O2 Sponsor Finance Provides Senior Secured Credit Facilities to Support Fort Point Capital in Its Acquisition of NewBold Corporation
O2 Sponsor Finance, a division of Old Second National Bank, has provided senior secured credit facilities to support Fort Point Capital's acquisition of NewBold . Founded in 1994 and based in Greenville, SC, NewBold is a leading managed technology services provider specializing in quick service restaurant, retail, warehousing, and healthcare industries.
NewBold's service portfolio includes support for point-of-sale (POS), automatic identification and data capture (AIDC), and payment device solutions. Their services encompass on-site response, depot repair, technology procurement and deployment, configuration and integration, help-desk support, and payment device encryption services.
O2 Sponsor Finance, una divisione di Old Second National Bank, ha fornito finanziamenti garantiti senior per supportare l'acquisizione di Fort Point Capital di NewBold. Fondata nel 1994 e con sede a Greenville, SC, NewBold è un fornitore leader di servizi tecnologici gestiti, specializzato nei settori dei ristoranti a servizio rapido, del commercio al dettaglio, del magazzinaggio e della sanità.
Il portfolio servizi di NewBold include supporto per punti vendita (POS), identificazione automatica e acquisizione dati (AIDC) e soluzioni per dispositivi di pagamento. I loro servizi comprendono risposta in loco, riparazione in deposito, approvvigionamento e distribuzione della tecnologia, configurazione e integrazione, supporto help-desk e servizi di crittografia dei dispositivi di pagamento.
O2 Sponsor Finance, una división de Old Second National Bank, ha proporcionado facilidades de crédito garantizadas senior para apoyar la adquisición de Fort Point Capital de NewBold. Fundada en 1994 y con sede en Greenville, SC, NewBold es un proveedor líder de servicios tecnológicos gestionados, especializado en los sectores de restaurantes de servicio rápido, comercio minorista, almacenamiento y atención médica.
El portafolio de servicios de NewBold incluye soporte para puntos de venta (POS), identificación automática y captura de datos (AIDC), y soluciones para dispositivos de pago. Sus servicios abarcan respuesta en el lugar, reparación en depósito, adquisición y despliegue de tecnología, configuración e integración, soporte de mesa de ayuda y servicios de encriptación de dispositivos de pago.
O2 Sponsor Finance는 Old Second National Bank의 한 부서로, Fort Point Capital의 NewBold 인수를 지원하기 위해 선순위 담보 신용 시설을 제공했습니다. 1994년에 설립되어 SC주 그린빌에 본사를 둔 NewBold는 패스트푸드 레스토랑, 소매업, 창고 및 의료 산업에 특화된 선도적인 관리형 기술 서비스 제공업체입니다.
NewBold의 서비스 포트폴리오는 판매 시점(POS), 자동 식별 및 데이터 수집(AIDC), 및 결제 장치 솔루션에 대한 지원을 포함합니다. 그들의 서비스는 현장 대응, 보수 수리, 기술 조달 및 배포, 구성 및 통합, 헬프데스크 지원 및 결제 장치 암호화 서비스를 포함합니다.
O2 Sponsor Finance, une division de la Old Second National Bank, a fourni des facilités de crédit senior sécurisées pour soutenir l'acquisition de Fort Point Capital de NewBold. Fondée en 1994 et basée à Greenville, SC, NewBold est un fournisseur leader de services technologiques gérés, spécialisé dans les secteurs de la restauration rapide, du commerce de détail, de l'entreposage et de la santé.
Le portefeuille de services de NewBold comprend un support pour points de vente (POS), identification automatique et capture de données (AIDC), et solutions pour dispositifs de paiement. Leurs services englobent la réponse sur site, la réparation en dépôt, l'approvisionnement et le déploiement technologique, la configuration et l'intégration, le support d'assistance et les services de cryptage des dispositifs de paiement.
O2 Sponsor Finance, eine Abteilung der Old Second National Bank, hat senior gesicherte Kreditfazilitäten bereitgestellt, um den Erwerb von Fort Point Capital an NewBold zu unterstützen. Gegründet im Jahr 1994 und mit Sitz in Greenville, SC, ist NewBold ein führender Anbieter von verwalteten Technologiedienstleistungen, der auf die Bereiche Schnellrestaurant, Einzelhandel, Lagerhaltung und Gesundheitswesen spezialisiert ist.
Das Dienstleistungsportfolio von NewBold umfasst Unterstützung für Point-of-Sale (POS), automatische Identifikation und Datenerfassung (AIDC) sowie Lösungen für Zahlungsgeräte. Ihre Dienstleistungen umfassen Vor-Ort-Reaktionen, Depotreparaturen, Beschaffung und Bereitstellung von Technologie, Konfiguration und Integration, Helpdesk-Support und Verschlüsselungsdienste für Zahlungsgeräte.
- Acquisition expands managed technology services portfolio
- Company shows impressive growth in mission-critical POS services
- Diverse multi-location customer base across multiple industries
- Strategic expansion into payment device encryption services
- Acquisition may increase debt load due to credit facilities
- Integration risks with new ownership structure
CHICAGO, IL / ACCESS Newswire / February 27, 2025 / O2 Sponsor Finance, a division of Old Second National Bank, capped off a busy 2024 with new financing activity. O2 Sponsor Finance provided senior secured credit facilities to support Fort Point Capital in its acquisition of NewBold Corporation ("NewBold").
Founded in 1994 and headquartered in Greenville, SC, NewBold is a leading provider of managed technology services to the quick service restaurant, retail, warehousing, and healthcare industries. NewBold supports point-of-sale ("POS"), automatic identification and data capture ("AIDC"), and payment device product lines, with services including on-site service response, depot repair services, technology procurement and deployment, configuration and integration, help-desk support, and payment device encryption and injection services. To learn more, please visit www.newboldcorp.com.
"We have been excited to partner once again with Fort Point Capital in their acquisition of NewBold. The company has generated impressive growth, offering holistic deployment, maintenance, and repair services for mission-critical POS and AIDC technology hardware to a diverse range of multi-location customers", said Thom Karle, Senior Vice President, O2 Sponsor Finance.
About Fort Point Capital: Fort Point Capital, a Boston-based private equity firm, brings a management-led, growth-oriented approach to private equity investing, targeting fragmented sectors of the business services industry. Founded in Boston in 2011, Fort Point partners with founders and management teams to accelerate growth by providing resources to expand teams and infrastructure, improve service offerings, access new markets, and support follow-on acquisitions. Fort Point fulfills its commitment to management, employees and shareholders by employing a repeatable process to drive durable value, showcased in over 50 acquisitions since its inception. Fort Point is currently investing from FPC Small Cap Fund III. To learn more, please visit www.fortpointcapital.com.
About O2 Sponsor Finance: O2 Sponsor Finance is a national provider of cash flow-based loans to lower middle market businesses with typically
About Old Second Bancorp, Inc.: Old Second Bancorp, Inc., headquartered in Aurora, Illinois, is the bank holding company for Old Second National Bank, which celebrated 150 years of operation in 2021. Old Second's common stock trades on The NASDAQ Stock Market under the symbol "OSBC". More information about Old Second is available by visiting the "Investor Relations" section of its website www.oldsecond.com.
As of December 31, 2024 Old Second has approximately
Old Second National Bank, Member FDIC.
Contact:
Bradley S. Adams EVP, Chief Operating Officer and Chief Financial Officer (630) 906-5484
SOURCE: Old Second Bancorp Inc.
View the original press release on ACCESS Newswire
FAQ
What are the key services offered by NewBold after the Fort Point Capital acquisition?
When was NewBold founded and where is it headquartered?
What type of financing did O2 Sponsor Finance provide for the NewBold acquisition?
Which industries does NewBold primarily serve?
