Hilco Global Capital Solutions (HGCS), a division of Hilco Global and a provider of flexible asset-based lending solutions, provided a $60 million first-lien asset-based lending facility to support Turnspire Capital Partners’ acquisition of Hulcher Services, a North American provider of mission-critical rail infrastructure and industrial services.
“We are pleased to support Turnspire’s acquisition of Hulcher with a flexible capital solution tailored to the needs of a mission-critical, asset-intensive business,” Dan Rubin, managing director at Hilco Global Capital Solutions, said. “Hulcher’s longstanding customer relationships, specialized fleet and essential role across the North American rail network made this a compelling opportunity. We are pleased to work closely with Turnspire and Hulcher to develop a flexible financing solution that supports the transaction and future growth of the business.”
