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Clarus Capital Closes $7MM Lease Financing for Sponsor-Backed Manufacturer of Land Management Equipment

October 10, 2023, 07:00 AM
Filed Under: Manufacturing

Clarus Capital completed a new $7 million lease facility for a sponsor-backed manufacturer of specialized land management equipment. The funding will support strategic capital investments to expand capacity, drive production efficiency, and optimize its supply chain.

Clarus CEO Steve O’Leary stated “Our client has a long track record of success, and we value the opportunity to serve as a trusted partner in support of its strategic objectives.  Clarus continues to structure and execute transactions up to $40 million for its own balance sheet, with reliability and certainty of closing.  We look forward to additional opportunities to support the Company and Sponsor with other future capital projects.”

Clarus Chairman Tim Conway added, “This transaction continues to highlight Clarus' ability to support private equity firms and their portfolio companies effectively.  We have been partnering with sponsors for over 20 years, and we're excited to continue strengthening these relationships.”

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