Crystal Financial closed a $12.5 million senior term loan for Aquent, a subsidiary of TRI Ventures. Proceeds will be used for general business purposes in support of the company’s continuing growth strategy.

Steve Migliero, senior managing director of originations, said, “We are thrilled to partner with John and his team at Aquent to provide incremental capital to fuel Aquent’s impressive organic growth. Aquent is the demonstrable market leader in their space and we look forward to their continued growth and a long term partnership.”

“Crystal collaborated with our existing ABL agent to close the transaction. In the process, they quickly demonstrated an understanding of our industry and were quite innovative when it came to providing a structure built to address the unique aspects of our business. We look forward to a mutually beneficial partnership,” said John Chuang co-founder and CEO.

Boston-headquartered Aquent offers temporary staffing and outsourced project development in the creative and marketing fields.