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MidCap Financial, Ares Commercial Finance Provide $80MM to Action Enterprise Holdings

December 06, 2017, 07:17 AM
Filed Under: Transportation

MidCap Financial and Ares Commercial Finance announced that they have jointly provided an $80.0 million senior credit facility to a specialized trucking and environmental service provider, Action Enterprise Holdings, LLC d/b/a Action Resources. The MidCap and ACF credit facility refinanced Action Resources’ line of credit with a commercial bank and expanded the Company’s credit line to facilitate growth and provide for working capital needs.

Action Resources is a specialized trucking and environmental service provider headquartered in Birmingham, Alabama. The company operates 49 locations across 17 US states with approximately 1,200 employees. Across its four key business divisions, Action Resources provides oversized freight, hazardous waste transportation, third party logistics, and environmental remediation services to a diverse group of petrochemical, manufacturing, and other industrial companies.

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