Charleston, S.C. — Altriarch Asset Management (“Altriarch”) is pleased to announce a $30 million senior credit facility, provided in partnership with Revere Capital Management (“Revere Capital”), to support the acquisition of a rapidly growing provider of rent-to-own financing solutions based in the Midwest (the “Company”). The facility also includes a $20 million accordion feature that would expand the total commitment amount to $50 million.
Founded in the early 2000s, the Company has established itself as a leader in the rent-to-own financing space, operating in more than 30 states nationwide. Over the past two decades, the Company has grown from three partners to a core team of over 20 employees dedicated to meeting the needs of its expanding customer base.
Altriarch and Revere Capital are proud to support the Company as it scales operations and continues its growth trajectory. The expanded facility is designed to equip the Company with the financial resources needed to innovate and invest in its future.
“We’re excited to join forces with Altriarch to deliver this expanded credit facility,” said Andy Cooney, Managing Director at Revere Capital. “By supporting their continued expansion, we’re helping them develop innovative solutions that align with the evolving needs of their customers.”
Danielle Brown, General Partner at Altriarch, added, “Our team is thrilled to back the Company’s long-term growth strategy. This facility represents a core position within our flagship Lender Finance strategy, and we fully support their mission to further strengthen their leadership in the rent-to-own financing sector.”
