Clarus Capital announced it has completed a new $10 million lease facility for an established crane rental company.

Clarus’ transaction team was led by Jarrod Hicks. “I have been following the crane industry closely for many years and I was pleased to introduce this longstanding relationship to the Clarus platform,” said Hicks. “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,” Hicks added.

Clarus CEO Steve O’Leary added “We are very familiar with this particular operator and think highly of them and their operation. 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.”