Clarus Capital completed two new equipment-backed credit facilities totaling $7 million for private equity owned firms serving the commercial aerospace industry. Jarrod Hicks, director of originations for Clarus Capital, led the transaction team.

“It was a pleasure working with the vendor and both companies to finance equipment vital to each’s growth,” Hicks said. “We value each partnership and are excited to continue to build on the strong relationship that’s been put in place. The Clarus team worked closely with each firm’s management team, delivering a smooth, on-time closing.”

“We appreciate the opportunity to finance the growth capex needs of both organizations,” Steve O’Leary, CEO of Clarus Capital, said. “Our clients have long track records of success, and we were pleased to deliver customized capital solutions tailored to meet each organization’s financial objectives. Leveraging our broad industry knowledge, the Clarus team worked closely with the vendor and its clients to execute each transaction. Clarus continues to source and structure equipment transactions up to $30 million with confidence in our ability to deliver on our proposals. We look forward to additional opportunities to support these and other clients.”