Great Rock Capital, an asset-focused commercial finance company, provided a C$10 million ($12.2 million) senior secured revolving credit facility for Smart Employee Benefits, a Canadian-based tech company that builds, customizes, integrates and manages data-processing solutions.
The additional working capital will support the ongoing growth of Smart Employee Benefits and refinance its existing liquidity facility. Canaccord Genuity Corp. acted as financial advisor to Smart Employee Benefits.
“This capital will allow us to unlock our rapid growth potential while positioning the company for continued success,” John McKimm, president, CEO and CIO of Smart Employee Benefits, said. “We look forward to working with Great Rock Capital as we execute on our strategic expansion plans.”
“Smart Employee Benefits is led by an innovative and devoted management team that created an industry-leading global platform,” Stuart Armstrong, CEO of Great Rock Capital, said. “Great Rock is pleased to provide additional liquidity as SEB’s financial partner to support the continued acceleration of their growth trajectory.”
