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SLR Business Credit Provides $28MM Asset-Based Credit Facility to Equipment Distribution Company

May 09, 2024, 07:47 AM
Filed Under: Distribution

SLR Business Credit (SLRBC) partnered with a preeminent North American distributor of mobile air compressors, generators, and air tools. The firm is also an innovator in creating a sustainable hybrid energy system which alters how contractors and producers can deliver productivity, increase safety and engineering efficiency in real-time, a first step towards zero-emissions production. Their hybrid units reduce fuel consumption by up to 80% and meet ESG requirements while increasing capital equipment investment return.

The company came to SLRBC with a need for growth working capital to support their expansion, both geographically, as well as increased commitment to growing their energy efficient products. SLRBC provided a $28 million flexible asset-based credit facility that allows them to achieve their strategic growth plans.

“We are very impressed with the firm’s leadership team and their successful execution in growing the company to this point”, said Jan Ibey, SVP of Business Development at SLR Business Credit. “We’re thrilled to join alongside by providing supportive capital. We look forward to seeing them achieve even further remarkable growth and sustained success with the support of our new strategic financial partnership.”

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