Ivy Asset Group, a private credit manager focused on specialty finance and asset-based lending, closed a senior secured, first-lien equipment finance facility with Stircor Services, a provider of municipal wastewater treatment services.
The financing enables Stircor’s expansion across multiple operating sites, including an existing facility in Cartersville, GA, and a new facility in Orlando, FL.
“Ivy is thrilled to provide growth capital that allows Stircor to procure additional state-of-the-art equipment for long-duration biosolid processing projects for municipalities,” Matt Taylor of Ivy Asset Group said. “This technology is designed to reduce biosolids in landfills and further eliminate chemicals that are linked to human health problems.”
The partnership supports Stircor’s mission to improve environmental outcomes for communities through innovation in biosolid processing and contaminant removal.
“Ivy understood the technical and contractual aspects of our business and structured a flexible financing solution tailored to our growth plans,” James Malone, CEO of Stircor Services, said. “Their partnership-oriented approach allowed us to accelerate deployment in a way traditional lenders could not.”
