White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors (“White Oak”), announced the closing and funding of two new lower middle-market transactions, with a combined total of $35 million of committed capital to fund a leading transportation & logistics company and full-service global marketing agency.
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WOCF closed a $20 million factoring facility for a fast-growing transportation company and its subsidiaries, which provides high-performance van and trucking services across the US South, Mid Atlantic, and Midwest regions. This sponsor-backed company has a strong customer base and an experienced management team. WOCF’s loan will be used to strengthen the company’s working capital cycles and finance their continued growth.
WOCF also closed a $15 million asset-based revolver for a full-service global marketing agency specializing in embedding data and analytics services. The company touts a Fortune 100 list of enterprise customers and advertising counterparties. The facility will be used as working capital to support the firm’s continued evolution and customer acquisition growth.
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“These two transactions represent the breadth of WOCF’s expertise and our ability to underwrite and support businesses across a wide range of industries,” said Tom Otte, CEO of White Oak Commercial Finance. “We look forward to partnering with these two companies and their sponsors to support sustained growth, and we’ll continue to source creative sponsored and non-sponsor-backed opportunities with quality middle-market companies.”
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WOCF has previously announced a $125 million ABL Facility for a leading industrial, energy, and infrastructure company, as well as the recently announced $550 million ABL Facility for Wilbur-Ellis Holdings.
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Source: PRnewswire