SLR Business Credit (SLRBC) provided a $28 million credit facility to a North American distributor of mobile air compressors, generators and air tools. The company came to SLRBC with a need for growth working capital to support its expansion and its increased commitment to growing its energy efficient products. SLRBC provided a $28 million flexible asset-based credit facility that allows the company to achieve its strategic growth plans.
“We are very impressed with the firm’s leadership team and their successful execution in growing the company to this point,” Jan Ibey, senior vice president of business development at SLR Business Credit, said. “We’re thrilled to join alongside by providing supportive capital. We look forward to seeing them achieve even further remarkable growth and sustained success with the support of our new strategic financial partnership.”
