Clarus Capital, a private credit firm specializing in equipment finance, closed a $10 million loan facility for a private equity-backed transportation services provider. The financing will facilitate the acquisition of new specially outfitted vehicles to fulfill requirements under the company’s recent contract wins.
“The Clarus Team has collectively executed over $60 million of financings for this client across multiple years and product types including cash flow loans and equipment financings,” Steve O’Leary, CEO of Clarus Capital, said. “Our latest loan facility reflects a continuation of Clarus’ commitment to serve as a long-term partner for our customer’s equipment finance needs and support their strategic growth initiatives. These new vehicles will serve as a critical addition to our client’s organic growth plan and expanding nationwide fleet.”
“We are pleased to support our client and its sponsor once again,” Tim Conway, chairman of Clarus Capital, said. “Clarus values long-term partnerships which is exemplified through multiple financings for this client since 2017 and over $200 million of funded commitments to its sponsor’s portfolio companies since 2005. Clarus’ ability to deliver tailored, efficient, and reliable capital solutions underscores our dedication to fostering long-term relationships with private equity sponsors and their portfolio companies.”
