Clarus Capital completed a new $20 million credit facility for a specialty logistics and transportation provider, which will deploy the facility for new equipment.
“We are excited to partner with the company and support them as they continue to scale,” Steve O’Leary, CEO of Clarus Capital, said. “They have an outstanding business model and an impressive, rapidly growing fleet of highly specialized tractor-trailers. The company is owned by a well-known private equity sponsor with deep sector expertise. The Clarus team has supported multiple portfolio companies for this sponsor in the past and we are pleased to continue providing these services.
“Clarus’ team again demonstrated its ability to provide thoughtful, competitive equipment financing solutions to private equity owned platforms. We have a strong balance sheet and a deep team that gives us the capacity to underwrite, structure and execute transactions of this size and larger for our customers. We look forward to additional opportunities to support this sponsor and this firm.”