Evans Transportation Services closed a new credit facility with PNC Bank to support the company’s current growth trajectory, which includes a revenue increase from $80 million to $400 million since 2018.
“This new credit facility couldn’t come at a better time, as we expect our current business to expand by, at minimum, an additional 10% in 2023,” Ryan Keepman, CEO of Evans Transportation Services, said. “A significant increase to our credit capacity allows us to remain focused on our plans while investing more into the company and its greatest asset: our employees. By investing in the best possible experience for both our customers and team members, we’re setting an industry standard no one else can match. That’s what the Evans experience is all about.”
“When it comes to selecting a financial partner, it’s about more than just financial solidity; there has to be a deeper understanding and connection between business philosophies,” Jason Mansur, president of Evans Transportation Services, said. “That’s what we found with PNC Bank — a strategic financial advisor that understands and wants the same things we want for our customers.”
“We are pleased to support Evans’ business goals through strategic financial solutions,” Luke Tripodi, senior vice president for PNC Business Credit, said. “We look forward to continuing to work alongside the company and its leadership team to provide value-added advice and the financial strategies they need to continue their growth objectives.”
