ZRG Secures $120M in Debt Financing from Main Street Capital

On Jun 20, 2024

Rochelle Park-based ZRG, a global talent advisory firm, has successfully secured $120 million in debt financing from Main Street Capital Corporation and its affiliates.

The company plans to leverage the capital to continue acquiring high-quality businesses that complement its existing capabilities and continue to hire top talent to drive further growth.

“It is a great time to acquire niche talent advisory and management businesses and build out our capabilities across Executive Search, Interim, RPO, and Consulting,” Larry Hartmann, CEO of ZRG, said. “This additional financing from Main Street Capital, combined with our recent equity raise with a consortium of investors, positions us strongly to achieve our strategic objectives.”

The $120 million debt financing follows closely on the heels of ZRG’s recent equity raise managed by RFE Investment Partners, ZRG’s primary financial sponsor, further solidifying the firm’s financial foundation and capacity for expansion.

“We are excited to partner with Main Street Capital, as this strategic debt refinancing will provide ZRG with greater financial flexibility and a strong balance sheet, while serving as the catalyst to execute on the company’s long-term growth plan,” said Ron Ahuja, principal of RFE Investment Partners.

“We are impressed with ZRG’s data driven and tech-enabled approach to candidate placement and are excited to support the business and RFE as they execute on their M&A strategy,” said John Watson, Director at Main Street Capital.

To access more business news, visit NJB News Now.

Related Articles: