Post Road Equipment Finance (PREF) closed a $15 million lease line with a leading national provider of infrastructure maintenance and environmental services. The company will utilize the transaction to enhance liquidity and expand its fleet.
The transaction included a $7 million sale-leaseback, delivering immediate balance sheet liquidity, with the remaining funds allocated for growth capital expenditures throughout the year. This structure allows the company to acquire advanced fleet assets while boosting operational efficiency. By preserving capacity under the company’s revolving credit facility, the transaction also provides additional liquidity for working capital needs.
“It’s always a pleasure to work with an energized management team and help them realize their growth plans,” Wren Rex, senior managing director at PREF, said. “It is extremely rewarding when one of our private equity partners entrusts us to execute on behalf of their portfolio company. We look forward to deepening our relationship over time and leveraging our balance sheet to finance the company’s ongoing expansion.”
PREF was represented by Reed Smith.
