Great Rock Capital, an asset-focused commercial finance company specializing in middle-market lending, closed of a $30 million revolving credit facility for a specialty rental platform, which is a portfolio company of Crossplane Capital. The new capital was used to fund a strategic add-on acquisition and will also provide additional liquidity to support the company’s future growth expenditures.
“Great Rock’s partner-like approach and efficient execution stood out as we searched for a financing solution to support this initial add-on acquisition and future investments to expand the company’s rental fleet,” Balliro, partner of Crossplane Capital, said. “With the right financing structure in place and a strong team of operators at the helm, we look forward to capitalizing on the substantial growth opportunities that lie ahead of the platform.”
“Crossplane Capital has a long-standing reputation for excellence, and we enjoyed working with their high caliber team to support the growth objectives of their portfolio company,” Stuart Armstrong, CEO of Great Rock Capital, said. “The strategic add-on acquisition has positioned this specialty rental platform for rapid market expansion, and we look forward to being part of their ongoing success.”
