White Oak ABL, an affiliate of White Oak Global Advisors, provided a second $10 million line increase and extension to Hunt & Sons, a third-generation, family-owned petroleum products distributor. This is the fourth amendment closed between the firms and brings the total asset-based lending credit facility to $95 million.
“We are thrilled to partner with and fund the ongoing success of Hunt & Sons to support their acquisitions and provide them with the flexible working capital they need to achieve their business goals,” Clark D. Griffith, managing director of White Oak ABL, said. “We believe their strong position in the marketplace and our scalable solutions will continue to generate positive outcomes.”
Founded in 1946 and headquartered in Sacramento, CA, Hunt & Sons specializes in commercial fleet fueling services, bulk fuel supply and lubricant solutions for industrial, commercial and agricultural use.
“White Oak is a hands-on partner whose reliable funding has helped our company make two key acquisitions during uncertain markets,” Joshua Hunt, CEO of Hunt & Sons, said. “Their creative thinking and ready capital have enabled us to move our business forward with certainty and we look forward to our continued partnership.”
