Daily News: December 10, 2014

Siena Closes OL International Acquisition Facility

Siena Lending Group announced the completion of a three-year, $6 million senior secured credit facility for OL International Holdings. The facility was used to fund a portion of OL International’s acquisition by Headhaul Capital Partners and will be used to support the company’s working capital going forward.

New York-based OL International is a logistics company providing sophisticated ocean and airfreight forwarding solutions to over 1,000 customers worldwide.

David Grende, president and CEO of Siena Lending Group, said, “We are pleased that we were able to team up with Headhaul Capital Partners and support this acquisition. We’re impressed by the leadership in this business and look forward to working together to help management meet all of their future goals.”

Seth Wilson, Headhaul Capital’s managing partner, stated, “We are excited about the acquisition and are looking forward to working with the management team to expand operations and to continue the high level of service our customers have come to expect from OL International. Siena was a great finance partner through the closing and we are happy to be working with them going forward.”

Headhaul Capital Partners is a New York-based middle market private equity firm focused on acquiring and building businesses in the transportation, logistics & distribution industries.