Clarus Capital closed a $15 million lease facility for a sponsor-backed environmental services company. Facility proceeds will primarily support the company’s ongoing maintenance capital expenditures with structural flexibility to finance new asset purchases for growth initiatives.
“Clarus is pleased to support a client that is providing critical services to local communities and municipalities across the country,” Steve O’Leary, CEO of Clarus Capital, said. “At $15 million, Clarus maintains sufficient balance sheet capacity to continue supporting this client for years to come with a more scaled commitment as additional needs arise.”
Tim Conway, chairman of Clarus Capital, added, “Clarus’ broad portfolio knowledge across asset classes and industries allows us to tailor financing solutions to fit the unique requirements of each borrower. We look forward to expanding our relationship and becoming a reliable source of alternative capital for this sponsor and their portfolio companies.”
