Clarus Capital completed a new $10 million lease facility for a crane rental company. Jarrod Hicks, who recently joined Clarus Capital as a director in its investment origination group, led the transaction.

“I have been following the crane industry closely for many years and I was pleased to introduce this longstanding relationship to the Clarus platform,” Hicks said. “The executive leadership of this company manages its sizeable fleet very carefully and has a long history of successfully working with finance partners. We are pleased to be considered and selected for this opportunity and look forward to growing our relationship.”

“We are very familiar with this particular operator and think highly of them and their operation,” Steve O’Leary, CEO of Clarus Capital, said. “They have a very sophisticated team and a long track record for managing a valuable portfolio of equipment. The company’s fleet continues to see strong demand and utilization, which we believe will continue for the foreseeable future. The Clarus team met all of the client’s needs for a very smooth execution, the first of many we hope as we identify additional opportunities to help this company service its market and clients. At a $10 million initial commitment, we have considerable additional room to grow with the company.”

Clarus Capital is a commercial finance company that delivers capital solutions to finance tangible assets for non-investment grade middle-market and large corporate borrowers.