iSqFt, www.isqft.com, Cincinnati, Ohio, a construction software company providing solutions designed to streamline the preconstruction process, has received a senior secured term loan from Franklin Square Capital Partners, www.franklinsquare.com, Philadelphia, Pa., a business development company.
The financing will help iSqFt’s acquire construction data companies BidClerk. iSqFt is a provider of cloud-based software tools, data, and analytics to building product manufacturers, general contractors, and subcontractors.
iSqFt offers a bid-management software platform that helps general contractors and subcontractors manage projects in the planning and bidding phases. Additionally, iSqFt provides mission-critical data, analytics, and project leads to construction industry market participants.
The financing was provided by FS Investment Corp., FS Investment Corp. II (FSIC II), and FS Investment Corp. III (FSIC III), BDCs managed by affiliates of Franklin Square and sub-advised by an affiliate of GSO Capital Partners LP (GSO).
Michael Forman, chairman and CEO, FSIC, FSIC II, and FSIC III, says the scale of our platform gives us the ability to provide customized financing solutions to our clients and to support our portfolio companies as they develop and grow their businesses.
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