Clarus Capital completed a new $30 million lease facility for a specialty logistics provider with hubs at major infrastructure facilities around the United States and abroad. The financing proceeds will support corporate liquidity, new equipment purchases and expansion initiatives as the client continues to implement organic and strategic growth initiatives.
“Clarus continues to demonstrate the flexibility of its product offering and ability to tailor solutions to fit the complex needs of leveraged, sponsor-owned platforms,” Steve O’Leary, CEO of Clarus Capital, said. “Our team delivered a strategic solution to optimize liquidity through existing revenue-generating assets across multiple locations. We appreciate the opportunity to partner with this client and sponsor and look forward to working with both again to help with additional financing needs.”
“This marks Clarus’ second transaction with this sponsor in the past few months and is a testament to the team’s execution capabilities amid turbulent market conditions,” Tim Conway, chairman of Clarus Capital, said. “Despite market volatility, Clarus once again closed on its proposed terms, providing execution certainty for the client and sponsor. The Clarus team continues to build on its 20-plus years of leveraged finance experience with middle-market private equity firms as it structures reliable, custom solutions for these sophisticated partners.”
