WhiteHawk Capital Partners entered into an agreement with C3 Rentals, Inc. to provide a $100 million asset-based credit facility. C3 Rentals will use the proceeds of the financing to provide incremental liquidity for continued growth and to refinance existing debt.C3 Rentals is a trailer rental business that partners with trailer dealerships nationwide to provide financing for a variety of trailers including cargo trailers, car hauler trailers, gooseneck trailers, and utility trailers. The
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Comvest Credit Partners is acting as Administrative Agent and is the Sole Lender on a $70 million senior secured credit facility for Nationwide Energy Partners (“NEP”), an Ohio-based provider of utility management services to the multifamily market. The financing will be used to retire existing debt and support new strategic initiatives.Founded in 1999, NEP provides privatized electricity and water management solutions to multifamily property owners, managers and developers and their residents
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nFusion Capital’s Senior Account Executive Melanie Guzman has been named a recipient of the Secured Finance Network’s (SFNet) 40 Under 40 Award in the Portfolio/Risk Management category. This award celebrates the achievements of leading young professionals in the secured finance industry, recognizing both excellence in their careers as well as contributions to the industry as a whole. Melanie will be recognized in the June 2024 issue of The Secured Lender and presented with the award on June 13
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Triumph, a member of the Triumph Financial portfolio of brands, appointed Todd A. Witmer as the new SVP, Business Development Officer for its asset-based lending group. In this role, Witmer will play a pivotal role in forging strategic partners and identifying new business opportunities for Triumph. He will be responsible for cultivating and nurturing relationships, working closely with the executive team to identify emerging opportunities and developing innovative strategies to capitalize on
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SG Credit Partners, through its Consumer Products division, announced its partnership with RéVive, an established luxury skincare brand using scientifically-proven formulas to deliver transformative results. The senior debt investment will provide for the company’s ongoing growth and continue its mission to provide first-in-class experiences. “We wanted a partner that understood the skincare industry and could offer a credit facility that made sense for our company,” says John Elmer, CFO and COO
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Republic Business Credit added an experienced finance expert to their team in New Orleans. Danielle Wright-Madison, who began her career as a financial analyst and most recently served as a field exam manager for a major national banking institution, is among the new hires at Republic’s NOLA headquarters. Wright-Madison will take on the role of Vice President, Underwriting, and report directly to Republic’s Senior Vice President, Underwriting Manager, Brian Daray. “Danielle’s breadth of
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eCapital Corp. closed a $3.5 million confidential factoring facility to a heritage Canadian Organic Food Manufacturer. With a legacy spanning over 40 years, the manufacturer, once the pioneering brand in its category, sought to revitalize its prominence in the industry. Referred to eCapital by one of its esteemed Accountant partners, the client sought a flexible working capital finance solution to bolster its cross-border operations. Recognizing the importance of agility and adaptability in
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Audax Private Debt was the sole Mezzanine Notes provider to support Tailwind Capital in their acquisition of GrayMatter, an industrial automation services and consulting company focused on helping customers across a variety of end markets optimize their manufacturing operations with digital solutions.Founded in 1991 and headquartered in Pittsburgh, PA, GrayMatter provides industrial intelligence technology solutions and software tools for food and beverage, pharmaceutical, consumer goods, and
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Alvarez & Marsal (A&M)appointed Houston-based Managing Director Teal Reamer in its Talent Organization & People Management (TOP) practice within the firm’s Corporate Performance Improvement (CPI) group. Ms. Reamer’s hire reflects CPI’s dedicated talent growth strategy for expanding services into critical geographic markets and industry sectors and builds on Matt Campbell’s recent Managing Director and TOP National Solution Leader appointment. Leveraging more than a decade and a half experience
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All assets from the fully furnished, 40,000-square-foot Raynham plant of Medrobotics—maker of groundbreaking robotic surgical platforms used by nearly 30 hospitals globally—are available in a turnkey sale by Tiger Group and Liquidity Services. “This turnkey sale represents an extraordinary growth opportunity for buyers that could include medical device-makers, robotics companies or venture capital firms,” said John Coelho, Senior Director, Tiger Commercial & Industrial. “The offering includes 22
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Trinity Capital announced the expansion of its business with the addition of a new Sponsor Finance vertical. This strategic expansion naturally extends the Company's established expertise in providing direct lending solutions to sponsor-backed companies across a range of industries."We see the ability to leverage our market knowledge and extensive networks to offer customized financing solutions to both our evolving client base and new entrants in the market, underscoring our dedication to
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Legacy Corporate Lending provided a $30 million asset-based credit facility to The Barton Group, a family-owned company that has produced the world’s highest-quality garnet abrasives for seven generations. The financing, finalized in April 2024, underscores Legacy's commitment to delivering tailored financial solutions to middle market companies across diverse industries.Founded in 1878, Barton is world-renowned for high performance garnet abrasives. Led by CEO Randy Rapple, the Company has
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The PNC Financial Services Group and the TCW Group("TCW"), a leading global asset manager, are partnering to deliver private credit solutions to middle market companies.The PNC and TCW partnership formalizes and expands more than 15 years of collaboration between PNC and TCW, combining both institutions' credit expertise: TCW's 23-year track record of successfully originating, underwriting and managing direct lending portfolios; and the strengths of PNC's national client relationships and its
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BizCap announced its successful collaboration with Quady Winery, a family-owned operation in Central Valley, CA, renowned for affordable Muscat grape-based fortified and sweet wines that are sold throughout the U.S. Among 4,700 wineries in California, Quady is the only one specializing in sweet and aperitif wines and has garnered international renown, boasting over 1,000 awards and medals. BizCap helped the company secure a $11 million term loan and a $6 million line of credit to recapitalize
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Colbeck Capital Management announced that Jared Talisman has joined the firm as a Managing Director and Head of Originations. Talisman most recently served as a Managing Director at Principal Alternative Credit, where he led and managed the sourcing, structuring, and due diligence of non-sponsored private credit investments."We are pleased to welcome Jared to Colbeck as we bolster our origination team with top talent and expand our investment pipeline," said Messrs. Beckman and Colodne. "Jared's
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