Clarus Capital announced the successful completion of a new $17 million loan facility for a publicly traded energy services provider. Funding proceeds will be used to acquire new storage equipment servicing a longstanding contract with one of the company’s key customers.

Clarus CEO Steve O’Leary stated “Our client is an essential service provider, offering a critical, non-deferable service to millions of customers annually. Clarus’ facility will directly support the company’s commitment to continuously upgrade its service offering for one of its longest tenured customers. This transaction highlights our team’s ability to offer tailored and flexible financing solutions for essential use assets across multiple locations. We look forward to supporting the company with future strategic objectives.”