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White Oak ABL Increases Credit Facility by $10MM for Hunt & Sons

April 16, 2021, 08:00 AM
Filed Under: Fuel & Petroleum

White Oak ABL provided a second $10 million line increase and extension, bringing the total ABL Credit Facility to $95 million, to Hunt & Sons, Inc., a third-generation, family-owned diversified petroleum products distributor. This is the fourth amendment closed between the firms.

“We are thrilled to partner with and fund the ongoing success of Hunt & Sons to support their acquisitions and provide them with the flexible working capital they need to achieve their business goals,” said White Oak ABL Managing Director Clark D. Griffith. “We believe their strong position in the marketplace and our scalable solutions will continue to generate positive outcomes.”

Founded in 1946 and headquartered in Sacramento, California, Hunt & Sons specializes in commercial fleet fueling services, bulk fuel supply and comprehensive lubricant solutions for industrial, commercial and agricultural use.

“White Oak is a hands-on partner whose reliable funding has helped our company make two key acquisitions during uncertain markets,” said Joshua Hunt, CEO of Hunt & Sons. “Their creative thinking and ready capital have enabled us to move our business forward with certainty and we look forward to our continued partnership.”

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