Crestline Investors, Inc. (“Crestline”) closed and funded a first lien senior secured credit facility for Crete Professionals Alliance (“Crete PA” or the "Company"), a leading accounting and professional services provider. Crestline served as the joint lead arranger for the transaction. The financing will support several near-term acquisitions and fund future growth initiatives. This transaction marks Crestline’s first collaboration with ZBS Partners.
Founded in 2023 and headquartered in Tampa, FL, Crete PA quickly established itself as a prominent player in the accounting and professional services industry. By July 2024, the firm had built a robust revenue stream from tax services, attest and audit, accounting and bookkeeping, and advisory services. This strong performance reflects the firm’s growing client base and effective business model.
“Crestline is thrilled to support Crete PA in this exciting stage of its growth,” said Michael Bullard, Managing Director at Crestline. “The financing enables Crete PA to execute its acquisition strategy and expand its platform in the accounting services sector.” Aaron Mack, Managing Director at Crestline, added, “Given their strong operational team and proven acquisition track record, we feel confident in the Company’s ability to drive continued growth and value creation.”
“Working with Crestline has been a key factor in positioning Crete PA for future success,” said Frank Zhang, Co-Founder of ZBS Partners. “Crestline’s flexibility and deep expertise in the lending space will play a crucial role as we continue to execute our growth strategy and expand the platform.”
About Crestline Investors
Crestline Investors, Inc. is an alternative investment management firm founded in 1997 and based in Fort Worth, Texas, with affiliate offices in London, New York, Toronto, and Tokyo. The firm has approximately $20 billion in assets under management (as of September 30, 2024), and is specialized in private credit strategies, offering a diverse range of investment solutions across its direct lending, opportunistic, and portfolio finance platforms. For more information, visit www.crestlineinvestors.com.
About ZBS Partners
Founded in 2016, ZBS Partners leverages deep operational and investment expertise to provide flexible capital for scaling businesses. With a proven track record of guiding companies from a few million to hundreds of millions in revenue, ZBS has successfully invested across a diverse range of industries, including veterinary services, commercial services, home services, accounting services, managed services, and youth enrichment. Their strategic approach and hands-on support have made them a trusted partner for businesses seeking growth and expansion. For more information, visit www.zbspartners.com.
About Crete Professionals Alliance
Crete Professionals Alliance (Crete PA) is a leading accounting and professional services provider headquartered in Tampa, FL. Founded in 2023, Crete PA offers a wide range of services, including tax, audit, accounting, and advisory services, across eight states. With a focus on strategic acquisitions and operational efficiency, Crete PA is positioned for long-term growth and success in the accounting services industry. For more information, visit www.cretepa.com.
This financial promotion is issued by Crestline Management, LP and Crestline Europe, LLP (together "Crestline"). Crestline Europe, LLP is authorized and regulated by the Financial Conduct Authority (FCA). The material is not intended to be a formal research report and nothing in this presentation should be interpreted to state or imply that past results are an indication of future performance. Any opinions expressed herein are our current opinions only. There can be no assurance or guarantee that Crestline's investment strategy will achieve its stated goal. All information provided in this presentation is for informational purposes only Crestline accepts no liability for loss arising from the use of this material. In the United Kingdom, this communication is being made only to, or directed only at, persons who are: (i) investment professionals within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (“FP Order”); (ii) high net worth companies and certain other entities falling within Article 49 of the FP Order; or (iii) any other persons to whom such communication may lawfully be made. It must not be acted, or relied, upon by any other persons.
