Baltimore Business Journal – On the heels of closing its first private equity fund in January, Access Holdings Management Co. has raised another $630 million to help grow three of its portfolio companies.
Baltimore-based Access Holdings, which Managing Partner Kevin McAllister describes as a "buy-and-build" investment firm, raised the money through three separate credit facilities from 11 lenders. The firm previously raised $340 million with its private equity fund.
The latest funding will help Access support the growth of PlayFly Sports, a Philadelphia-based sports marketing and media company; Florida-based funeral home operator Foundation Partners Group; and the Car Wash Owners Network.
Access has been a firm on the rise since McAllister founded it in 2013. The firm manages $1.3 billion and has 24 employees, compared to "just a handful" a few years ago. It has also been incredibly active when it comes to making deals, having acquired more than 75 companies in the last four years, he said.