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Crystal Financial Provides Term Loan to Remprex

January 19, 2015, 07:32 AM
Filed Under: Technology

Crystal Financial announced it recently provided a $22 million first lien term loan to Remprex, LLC, a leading provider of managed technology services for the intermodal industry including Class I railroads and port operators. Its unique product offering provides leading solutions for facility access control, personnel and customer security, technology infrastructure management, building design and engineering services.

Gates Group Capital Partners, a private equity firm focused on investments in the transportation industry, purchased a majority stake in the Company from the founders and sought debt capital to finance the acquisition and fund future growth.

Crystal Financial LLC, a portfolio company of Solar Capital Ltd., is an independent commercial finance company that provides senior and junior secured loans for both asset-based and cash flow financings (minimum of $10 million in fundings) to middle-market companies. Its team of experienced, responsive professionals has underwritten, closed and managed more than $20 billion in secured debt commitments across a wide range of industries.

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