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Great Rock Capital Closes $20MM Deal with Mersino Management Co.

June 07, 2017, 07:12 AM
Filed Under: Specialty Industries

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, announced the close of a $20 million senior secured loan with Mersino Management, a provider of pumping and dewatering solutions.

"Mersino's leading pump technology coupled with their core dewatering competencies allows them to set the best-in-class standard for their industry," said Stuart Armstrong, CEO of Great Rock Capital. "The Mersino family embodies the characteristics we look for when partnering with middle market family-run companies – they take great pride in their business, value their employees, and have a long-term vision for growth."

The new capital will enable Mersino to expand all of its core businesses, including Equipment Rentals and Sales, Pumping and Dewatering Services, Trenching and Power Generation. Mersino is a 30-year-old family owned and operated business whose most valuable asset is their culture that inspires a dedication to customer service.

"The team at Great Rock quickly understood our growth potential and creatively crafted a loan structure to meet our specific requirements," commented Gino Mersino, Chief Executive Officer of Mersino Management. "Their speed and flexibility have enabled us to pursue new business opportunities that might have otherwise been lost. We are excited about this partnership and what it means for the future of our business."

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