"We look forward to building on this strong foundation to support AEG and Grade A’s continued growth through organic initiatives and strategic acquisitions to scale a leading platform.”
Brad Pence, Partner, Plexus Capital
In October 2024, Plexus Capital (“Plexus” or the “Sponsor”), a lower middle market focused private equity firm based in North Carolina, approached PGIM Private Capital seeking a financing partnership to acquire AEG Petroleum and Grade A Petroleum Corporation, to be consolidated under ACE.
In March 2025, PGIM Private Capital provided senior financing comprised of a revolving credit facility, senior term loan, and delayed draw term loan; junior capital in the form of senior subordinated note; and a common equity co-investment. The Sponsor decided to partner with PGIM Private Capital given our ability to provide (i) a one-stop financing solution and (ii) supplemental capital for acquisitions.
We are proud to support these acquisitions and look forward to supporting ACE’s business over the long-term.
