Capteris announced the closing of a $60 million capital lease facility for a private equity owned, specialty transportation and logistics company.

The sponsor, along with the company’s executive team, identified multiple tuck-in acquisition targets which required significant capital. The company entertained various funding options but was impressed by Capteris’ creative solution to monetize existing assets to fund their expansion strategy.

“The facility provided our customer with sizable capital proceeds that could immediately be utilized for their targeted acquisitions. By working closely with the sponsor, the company’s leadership team, and our capital markets partners, we provided a cost-efficient, flexible and timely solution,“ said Rob Bakke, Capteris Managing Director.

“There is a reason why more and more Sponsor Finance organizations are selecting Capteris as their preferred equipment finance provider,” added Eric Dusch, President and CEO of Capteris. “Our dedicated sponsor coverage model, structuring and collateral expertise, and strong deal execution provides significant value-add to the PE segment and their portfolio companies,” he added.