Clarus Capital completed a new $35 million sale and leaseback facility for a sponsor-backed transportation service provider. The financing proceeds supported M&A activity and liquidity as the client continues to execute growth initiatives.
“Clarus delivered a customized financing solution that enabled our client to unlock liquidity in support of its M&A strategy,” Steve O’Leary, CEO of Clarus, said. “Our team’s extensive experience proved instrumental in structuring and delivering an efficient capital solution to help execute their strategic objectives. We appreciate the opportunity to partner with a leading sponsor and look forward to working with them again.”
“This transaction highlights Clarus’ core capabilities of supporting premier private equity firms and their portfolio companies,” Tim Conway, chairman at Clarus, said. “The Clarus team has partnered with sponsors for more than 20 years, and we are excited to extend these strong relationships. Our experience in leveraged finance markets enables us to structure attractive, flexible financing solutions for mission critical assets across that same client base.”
