Daily News: October 5, 2017

Encina EF, Great Rock Capital Provide $33MM Facility to Falcon Transport

Encina Equipment Finance (EEF) and Great Rock Capital jointly provided a $33 million senior secured credit facility to Falcon Transport. The financing was used to help fund CounterPoint Capital Partners’ acquisition of the company.

From the date that the term sheet was signed, EEF and Great Rock closed and funded the complex financing transaction in only 18 days.

Based in Youngstown, OH, Falcon is a trucking company with dedicated, flatbed and over-the-road capabilities that serve customers in the automotive, steel, manufacturing and general commodity industries.

Launched in June 2017, Encina Equipment Finance provides loans and leases ranging in size from $5 million to $25 million and secured by essential-use machinery and equipment.

Great Rock Capital is an asset-focused commercial finance company specializing in serving the needs of middle-market companies with a variety of secured lending products.

CounterPoint Capital Partners is a Los Angeles-based investment firm focused on acquiring lower-middle market companies headquartered throughout the U.S. and Canada with $10 million to $200 million in annual revenues.