Clarus Capital, a private credit firm specializing in equipment finance, increased its commitments to a sponsor-backed transportation services provider by $20 million. The financing will facilitate the acquisition of new specially outfitted vehicles to fulfill requirements under the company’s recent contract wins with dry powder for additional contract bidding.
“The Clarus team has collectively executed over $80 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 upsize is a continuation of Clarus’ commitment to serve as a long-term partner in support of our customers’ strategic growth initiatives.”
“We are pleased to support this sponsor once again,” Tim Conway, chairman of Clarus Capital, said. “Clarus values long-term partnerships, exemplified through multiple financings for this client since 2017 and over $225 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.”
