C3 Rentals, a trailer rental and ownership solutions company, successfully secured a $100 million debt facility funded by WhiteHawk Capital Partners and arranged by Ankura Capital Advisors. This strategic financial boost is aimed at increasing liquidity and supporting the company’s future working capital needs, enabling further expansion across the United States.
With this new funding, C3 intends to enhance its technological platform, expand its dealership network and improve service offerings across its operational states.
“Ankura Capital Advisors has been an exceptional advisor throughout this process and in selecting WhiteHawk as a new capital partner as we position C3 for its next stage of life,” Craig Tatum, CEO of C3 Rentals, said. “We are looking forward to our partnership with WhiteHawk and all the resources they bring to the table as we build a more sustainable business going forward.”
“C3 has demonstrated a robust business model with a strong emphasis on community service and innovative financial solutions,” Kathleen Lauster, senior managing director at Ankura Capital Advisors, said. “It was a pleasure to work with them and WhiteHawk to fuel their growth ambitions even in this challenging lending environment.”
