SLR Business Credit Announces a $28 Million Senior Debt Investment in an Equipment Distribution Company
SLR Business Credit (SLRBC) is excited to partner with this company, a preeminent North American distributor of mobile air compressors, generators, and air tools. The firm is also an innovator in creating a sustainable hybrid energy system which alters how contractors and producers can deliver productivity, increase safety and engineering efficiency in real-time, a first step towards zero-emissions production. Their hybrid units reduce fuel consumption by up to 80% and meet ESG requirements while increasing capital equipment investment return.
The company came to SLRBC with a need for growth working capital to support their expansion, both geographically, as well as increased commitment to growing their energy efficient products. SLRBC provided a $28,000,000 flexible asset-based credit facility that allows them to achieve their strategic growth plans.
“We are very impressed with the firm’s leadership team and their successful execution in growing the company to this point”, said Jan Ibey, SVP of Business Development at SLR Business Credit. “We’re thrilled to join alongside by providing supportive capital. We look forward to seeing them achieve even further remarkable growth and sustained success with the support of our new strategic financial partnership.”
About SLR Business Credit
SLR Business Credit is a leading asset-based lender serving middle market companies and their sponsors who are looking for alternative solutions to traditional bank financing. SLRBC offers asset-based loans up to $100 million and finds ways to provide borrowers with maximum availability and flexibility. SLRBC serves manufacturers, distributors and service companies who need transformative capital. The SLRBC team brings years of leadership experience in asset-focused lending from sales, underwriting, portfolio management, capital markets and lending platforms at leading commercial banks.