White Oak Commercial Finance (WOCF), an affiliate of White Oak Global Advisors, closed and funded two new lower middle-market transactions, with a combined total of $35 million of committed capital to fund a transportation and logistics company and global marketing agency.
WOCF closed a $20 million factoring facility for a transportation company and its subsidiaries, which provides van and trucking services across the US South, Mid Atlantic and Midwest regions. WOCF’s loan will be used to strengthen the company’s working capital cycles and finance its continued growth.
WOCF also closed a $15 million asset-based revolver for a global marketing agency specializing in embedding data and analytics services. The facility will be used as working capital to support the firm’s continued evolution and customer acquisition growth.
“These two transactions represent the breadth of WOCF’s expertise and our ability to underwrite and support businesses across a wide range of industries,” Tom Otte, CEO of WOCF, said. “We look forward to partnering with these two companies and their sponsors to support sustained growth, and we’ll continue to source creative sponsored and non-sponsor-backed opportunities with quality middle-market companies.”
