Portman Ridge Finance and Garrison Capital have merged. The combined company will be externally managed by Sierra Crest Investment Management.
Garrison Capital and Portman Ridge Finance entered into a definitive agreement under which Garrison Capital will merge with and into Portman Ridge Finance, which is a business development company managed by Sierra Crest Investment Management.
Speed Commerce announced it completed the asset sale of its legacy distribution business segment to WYNIT Distribution, a national wholesale distributor of products in a number of industries.
Garrison Capital announced its Garrison Funding 2012-1 subsidiary increased the size of its credit facility from $150 million to $175 million with a lender group led by Natixis as administrative agent.