CIT Aerospace, Defense & Government Finance served as sole lead arranger in a $52 million senior secured credit facility for North American Rescue, (NAR), the provider of survivability and casualty care medical products to the U.S. Military, Law Enforcement and Civilian First Responder markets.

NAR is a portfolio company of an affiliate of Blue Wolf Capital Partners, a private equity firm that specializes in responsibly transforming middle market companies. The financing will be used to refinance existing credit facilities and to provide working capital.

Financing was provided by CIT Bank. Terms of the transaction were not disclosed.

Bob Castellani, founder and chief executive officer of NAR, said, “Having served for 10 years as an Air Force para-rescue specialist, with four of those spent serving in the Joint Special Operations Command, I have experience with the value and critical nature of NAR’s products. Our products make a life-saving difference to people serving in harm’s way. I appreciate CIT’s expertise in the sector, their appreciation of our business and their desire to help us continue to expand our life-saving mission.”

John Donohue, director, CIT Aerospace, Defense & Government Finance, said, “The unique expertise of the NAR management team, the niche product suite and the strong support from Blue Wolf make this an exceptional opportunity for CIT. We look forward to supporting NAR’s continued growth and to working with Blue Wolf again.”