Tree Line Capital Partners provided a first lien credit facility to support Huron Capital Partners’ investment in Direct Connect Logistix (DCL).
DCL is a nationwide transportation and logistics services company that provides domestic brokerage services for shippers across the U.S. It works with a network of prequalified carriers to offer truckload, partial truckload, expedited freight, small parcel and air freight options to customers primarily in the food and beverage, plastic containers and packaging and consumer packaged goods industries.
“We appreciate Tree Line’s thoughtful and efficient approach,” said Michael Zukas, vice president at Huron Capital. “Tree Line spent considerable time upfront understanding the business and opportunity, which provided certainty to close.”
Jon Schroeder, managing partner of Tree Line, added, “We’re very excited to be partnering with Huron Capital. DCL has a proven team with a strong track record of market leadership. We look forward to the partnership and supporting the growth of DCL.”
Tree Line is a direct lender focused on providing first lien term loans, unitranche term loans and equity co-investments to lower middle market borrowers with $3 million of EBITDA and above in North America.
