Gordon Brothers has delivered a $27 million financing package to Carroll Fulmer Logistics Corporation as part of a broader solution to help the transportation company optimize its capital structure and support future growth.
The multi-pronged deal includes a first-lien revolving credit facility and an equipment sale leaseback to boost working capital. Gordon Brothers is also providing asset advisory services through its affiliate, Nations Capital, to enhance liquidity across accounts receivable, real estate and equipment.
“We are pleased to partner with the Carroll Fulmer team to provide a fully integrated, tailored solution,” said Dennis A. Bolton II, senior managing director and head of North America equipment finance at Gordon Brothers. “We expect the resulting improvements will present new opportunities and allow the company to invest in upgrading the fleet over time.”
Founded in 1954, Carroll Fulmer is a family-owned logistics and transportation firm serving clients across the United States. The company stated that the partnership will enable it to respond to changes in the trucking industry while continuing to invest in its workforce and customer relationships.
