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Case Study

PGIM supports Plexus Capital’s investment in ACE Solutions

ACE Solutions (“ACE”) is a national distributor of industrial lubricants, diesel exhaust fluid, and other ancillary products.
Case Study

PGIM supports Plexus Capital’s investment in ACE Solutions

ACE Solutions (“ACE”) is a national distributor of industrial lubricants, diesel exhaust fluid, and other ancillary products.

At a Glance

In October 2024, Plexus Capital (“Plexus” or the “Sponsor”), a lower middle market focused private equity firm based in North Carolina, approached PGIM seeking a financing partnership to acquire AEG Petroleum and Grade A Petroleum Corporation, to be consolidated under ACE.  

In March 2025, PGIM 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 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.

Relationship Since 2025
Transaction details:
  • Revolving Credit Facility
  • Senior Term Loan
  • Delayed Draw Term Loan
  • Subordinated Notes
  • Common Equity
Meet the team
"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

The Full Story

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