2024 Dealmakers of the Year – Featured Expansion Deals

DATEBORROWERINDUSTRYLENDERROLEAMOUNTSTRUCTURENOTES
5/23/2024N/ATransportation and LogisticsAmerisource Business CapitalLender16.0Revolving Credit FacilityRefinanced existing bank revolver to provide greater liquidity and support for continued expansion efforts
3/13/2024360trainingTraining / Online training & continuing educationApogem Capital, Churchill Asset Management, Crescent CapitalLendersN/ACredit FacilitiesEnhanced financial flexibility, supporting growth initiatives and an aggressive M&A strategy for platform expansion
8/16/2024Pegasus Home FashionsManufacturer and Wholesaler / ApparelAres ManagementInvestment Banker25.0Revolving Credit FacilitySSG Capital Advisors served as investment banker; Refinanced existing indebtedness and provide additional capital for growth
7/9/2024BOBABAMFood & Beverage / Instant Boba BeverageAssembled Brands CapitalLenderN/AFlexible Line of CreditSupported scaling production, expanding distribution and optimizing inventory to drive growth and improve efficiency
1/23/2024Babcock & Wilcox EnterprisesClean Energy Axos BankLender150.0RevolverSupported letters of credit, renewable energy growth initiatives and potential accretive business purposes
6/20/2024TalkiatryPsychiatricBanc of CaliforniaLenderN/ADebt FinancingSupported growth initiatives and enhanced operational capacity for expanded access to in-network psychiatric care services
1/26/2024AtwellConstruction ServicesBank of AmericaLender200.0Credit FacilitySupported growth initiatives, including organic expansion and acquisitions, while optimizing capital structure for future flexibility
3/7/2024Greystone Housing Impact InvestorsReal EstateBankUnitedAdministrative Agent50.0RevolverIncreased liquidity to support operational needs and expanded capacity for future growth initiatives
5/3/2024Cashco FinancialFinancial Services / Online LendingBastion ManagementAgent50.0Senior Debt InvestmentRefinanced existing debt and supported growth initiatives, including scaling operations and expanding financial solutions for customers
5/7/2024Quady WineryFood & Beverage / WineBizCapLender17.0Term Loan & Line of CreditSupported recapitalization and provided resources for strategic growth initiatives to enhance operations and expansion
7/19/2024Cart.comLogistics SolutionsBlackRockLender105.0Term Loan FacilityConsolidated venture debt at competitive terms as the company continued rapid growth trajectory
7/1/2024Divergent TechnologiesEconomics and EnvironmentalBridge BankLender47.0Term LoanSupported growth and innovation initiatives, providing flexibility for operational expansion and industrial advancements
7/19/2024N/AInfrastructure DevelopmentCambridge WilkinsonLender90.0Credit FacilitySupported strategic expansion plans and increased capacity to acquire and develop prime assets
9/11/2024N/AImporter / Distributor - MineralsCerebro CapitalLender30.0ABL Line of CreditProvided additional working capital and supported growth initiatives for enhanced operational capacity
5/31/2024Cisco Equipment RentalsFinancial Services / Equipment FinanceCIT Northbridge CreditLender75.0Revolving Credit facilityRefinanced and consolidated multiple existing lending facilities supporting a growth-oriented business plan
12/20/2023AmplaFinancial Services / Consumer BrandsCiti and Waterfall Asset ManagementLenders275.0Credit FacilitySupported expansion initiatives and enhanced product offerings to empower consumer brands and drive growth
7/24/2024Pro Food SolutionsFood & BeverageComvest Credit PartnersAdministrative Agent and Sole Lender153.0Senior Secured Credit FacilitySupported a dividend recapitalization and provided capital for organic and acquisitive growth initiatives
1/12/2024N/AAppareleCapitalLender16.0Asset-Based LoanProvided enhanced liquidity and supported the company's expansion goals with a flexible asset-based loan structure
6/25/2024West MarineMarineEclipse Business CapitalLender150.0Credit FacilityExtended maturity, reduced interest expenses and supported strategic initiatives for long-term growth and operational evolution
5/9/2024N/AFinancial Services / AutoEncina Lender FinanceLender20.0Senior Credit FacilitySupported the platform's continued expansion and enhanced its operational capacity across a multi-state dealer network
6/18/2024Sparkstone Electrical GroupPower DistributionEncina Private CreditAdministrative AgentN/ASenior Secured Credit FacilityRefinanced existing debt and provided growth capital to support the company's strategic initiatives
2/26/2024Lincoln Educational ServicesEducational ServicesFifth ThirdLender40.0RevolverProvided working capital, supported strategic growth initiatives and enhanced financial flexibility for program and campus expansions
9/4/2024SG Credit PartnersFinancial Services / ABL First Citizens BankLead ArrangerN/ACredit FacilitySupported growth strategy, enabling expansion into new lending verticals and increased portfolio capacity
1/3/2024Altus PowerClean Energy / Electric PowerGoldman Sachs and CPPIB Credit InvestmentsLender100.0Credit FacilitySupported expansion plans and positioned it to capitalize on growth opportunities in clean energy
2/5/2024MRH TroweInsurance / BrokerGolub CapitalJoint Lead ArrangerN/AUnitranche FacilitySupported organic and inorganic growth strategy, enabling expansion and strategic initiatives
7/30/2024NWI AffiliatesAerospaceGreat Rock CapitalLender75.0Credit FacilitiesProvided flexible growth capital to support the operations and expansion of the affiliated companies
8/16/2024nFusion CapitalFinancial Services / Commercial FinanceHaversine FundingLender17.5Junior Capital Credit FacilityEnhanced capital structure and supported portfolio growth, enabling expanded product offerings and operational scalability
9/13/2024GT Medical TechnologiesMedical TechnologyHorizon Technology FinanceLender35.0Venture Loan FacilitySupported the expansion of strategic initiatives, enabling broader market reach for innovative brain tumor treatments
6/18/2024Stellex Capital ManagementPrivate EquityHuntington Business CreditAdministrative Agent70.0Credit FacilitiesSupported an acquisition, funded expansion growth and provided working capital to enhance operational capacity
6/7/2024N/ATechnology / IT Solutions & StaffingInterNex CapitalLender4.0Line of CreditProvided flexible capital to support growth opportunities and address customer concentration in the IT solutions sector
5/14/2024Allied OMS and Doctor ShareholdersOral and maxillofacial surgery practicesKeybanc Capital Markets, BankUnited, Umpqua Bank & First-Citizens BankLenders116.0Credit FacilitySupported growth initiatives, including partnerships, new offices and recruitment, enhancing innovation and patient outcomes
5/1/2024N/AManufacturer / AerospaceLSQLender20.0Accounts Receivable Credit FacilityProvided working capital to refinance existing debt, support manufacturing growth and enhance receivables management
6/19/2024ZRGTalent AdvisoryMain Street CapitalLender120.0Debt FacilitySupported growth initiatives, including acquisitions and talent expansion, enhancing capabilities across talent advisory services
9/17/2024Sunshine Behaviorial HealthHealthcare / Behaviorial Health RehabilitationMidCap FinancialLenderN/ASenior Secured Credit FacilitySupports refi and growth; provides working capital
8/28/2024EverServicePortfolio CompanyMonroe CapitalSole Lead Arranger and Administrative AgentN/ASenior Credit FacilitySupported growth initiatives and enhanced operational capacity for the company's strategic expansion efforts
6/14/2024Mad MobileRestaurant and RetailMorgan Stanley Expansion Capital and Bridge BankLenders50.0Financing AgreementSupported expansion of SaaS and payment technologies, refinanced debt, and facilitated sales growth initiatives
12/19/2023N/AFood & Beverage / Consumer BeveragesMountain Ridge CapitalLender15.0Credit FacilityRefinanced existing debt and provided liquidity to support growth and operational objectives for global expansion
6/5/2024LendbuzzFinancial Services / FinTechMUFGLender100.0Warehouse FacilitySupported loan origination growth and strengthened funding capabilities to execute strategic growth plans
8/2/2024Cliffwater Enhanced Lending FundInterval FundPNC Bank and BaringsAdministrative Agent and Joint Lead Arranger1175.0Senior Secured Syndicated Revolving Credit FacilityProvided liquidity and flexibility to support balance sheet growth and continued equity inflows for strategic expansion
9/26/2024N/AManufacturer / Cold-Rolled SteelPorter CapitalLender15.0Line of CreditProvided working capital to support operational expansion, increase production and meet growing industry demand
2/23/2024Nassau Financial GroupFinancial ServicesRBC Capital MarketsArranger250.0$150MM Revolver/$100MM Term LoanRefinanced existing debt, provided financial flexibility and supported growth initiatives in insurance and asset management.
8/23/2024Obra CapitalAsset ManagementRedBird Capital Partners and AquarianEquity InvestorsN/ACredit FacilitiesRefinanced existing debt, strengthened the balance sheet and provided growth capital to support platform expansion
2/7/2024N/AFood & Beverage / ManufacturingRepublic Business CreditLender12.0$9MM Revolver/$3.5MM Real Estate Term LoanRefinanced existing debt, improved liquidity and supported growth and operational stability
7/9/2024N/ADirect to Consumer / Bedding & Home GoodsRosenthal & RosenthalLender3.0ABL FacilityRefinanced existing debt and provided working capital to support the company's turnaround plan and operational stability
6/6/2024VOSKERSurveillanceRoyal Bank of CanadaAdministrative Agent, Sole Lead and Bookrunner125.0Senior Debt FinancingRecapitalized debt and provided capital to support strategic growth initiatives, strengthening market position
8/1/2024Townsen Memorial Health SystemHealthcareSiena Lending GroupLender10.0Credit FacilityProvided working capital and supported continued growth and expansion of healthcare services
5/9/2024N/ADistributor / Air ToolsSLR Business CreditLender28.0Credit FacilityProvided flexible working capital to support expansion and growth in energy-efficient products
5/2/2024FluentMarketing / Performance SLR Credit SolutionsLender50.0Senior Credit FacilityRefinanced existing debt and provided enhanced liquidity for general operations and growth
8/1/2024InuvoTechnology / Marketing SLR Digital FinanceLender10.0Asset-Based Credit FacilityProvided enhanced liquidity and financial flexibility to support growth, operations and the adoption of innovative AI solutions
5/23/2024N/AMedical / NursingSLR Healthcare ABLLender3.0Asset-Based Revolving Credit FacilityProvided working capital to support growth initiatives, including memory care and behavioral health unit expansions
1/24/2024InterlockDigital ConsultingStellus Capital ManagementLenderN/AUnitranche Senior Debt FinancingSupported an equity investment and provided capital for growth, enabling expansion in data-driven consulting services
7/16/2024Omni FiberFiber InternetStonepeak CreditLender150.0Debt FinancingSupported network expansion, enabling growth in underserved Midwest markets and boosting economic development in communities
8/28/2024NetsuritManaged Service ProviderSunflower BankLenderN/ADebt FinancingSupported the acquisitive growth strategy, enabling further expansion in the managed services sector
7/23/2024nFusion Capital FinanceCommercial FinanceSynovus BankAgent75.0Line of CreditSupported growth initiatives, enhanced funding capacity and positioned the company to scale its operations and portfolio
3/15/2024N/ALogisticsTAB BankLender1.5Multi-Year Credit FacilityProvided working capital to support growth and expand the company's sales and contract pipeline
6/11/2024Natural Gas ServicesGasTexas Capital BankLender75.0Credit FacilityExpanded borrowing capacity to support growth initiatives and enhance rental equipment fleet
8/22/2024N/ASporting EquipmentTradewind FinanceLender17.0Credit FacilityProvided working capital to support international growth, seasonal demand, and global sales expansion for the company
6/6/2024restor3dMedical DevicesTrinity CapitalLender15.0Growth CapitalSupported product innovation, market expansion and the scaling of patient-specific medical device solutions
7/26/2024Whiskey House of KentuckyContract DistilleryTruist Bank, et al.Lenders115.0Syndicated Credit FacilityRefinanced construction loans, supported growth expenditures and provided working capital liquidity, enabling operational expansion
9/17/2024160 Driving AcademyEducation / Driving SchoolTurning Rock PartnersLender30.0Expansion CapitalSupported expansion plans, enabling the company to increase its school footprint and enhance technology solutions
3/20/2024Gambling.comGamblingWells FargoLender50.0$25MM Revolver/$25MM Term LoanProvided liquidity for general corporate purposes, deferred considerations and growth opportunities, enhancing financial flexibility
4/24/2024Mountain Ridge Capital and Alpine Ridge FundingFinancial Services / ABL & FactoringWells Fargo Capital FinanceLender110.0Senior Credit FacilitySupported growth initiatives and expanded funding capacity to serve middle-market companies across North America
5/8/2024C3 RentalsTrailersWhiteHawk Capital PartnersLender100.0Asset-Based Credit FacilityEnhanced liquidity and supported expansion, technological advancements and service improvements across operational network
5/29/2024N/ALogisticsWintrust Receivables FinanceLender3.5Accounts Receivable Line of CreditProvided working capital liquidity to support the company's growth plans and expansion in the logistics sector