White Oak Commercial Finance launches $35 million in new funding
White Oak Commercial Finance (WOCF), a part of White Oak Global Advisors, has announced the successful closing and funding of two significant lower middle-market transactions. The firm has committed a total of $35 million to support a prominent transportation and logistics company, as well as a full-service global marketing agency. These financings highlight WOCF’s ability to provide tailored financial solutions that accommodate the unique needs of businesses in various sectors.
Key Transactions from White Oak Commercial Finance
The recent transactions include a $20 million factoring facility for a rapidly expanding transportation company that operates across the Southern, Mid-Atlantic, and Midwest regions of the United States. This sponsor-backed business is known for its high-performance van and trucking services. With a solid customer base and an experienced management team, this financing will enhance the company’s working capital cycles while fueling its growth trajectory.
Transportation Company Financing
The $20 million facility provided by WOCF is crucial for supporting the operational needs of this transportation firm. By improving working capital cycles, WOCF aims to empower the company’s management team to scale operations effectively. This investment not only aids in sustaining their current momentum but also positions them strategically for future expansion within the competitive logistics landscape.
Marketing Agency Support
The second transaction involves a $15 million asset-based revolving credit facility extended to a full-service global marketing agency specializing in data-driven analytics services. This agency serves notable Fortune 100 clients and partners in advertising. The financing will be utilized as working capital to bolster customer acquisition efforts and facilitate continuous evolution within their service offerings.
Expertise in Diverse Industries
Tom Otte, CEO of White Oak Commercial Finance, emphasized that these transactions reflect WOCF’s extensive expertise across various industries. He stated, “These two transactions represent our capability to underwrite and support businesses across a wide range of sectors.” Otte expressed enthusiasm about partnering with both companies and their sponsors to foster sustained growth while continuing to seek innovative opportunities with quality middle-market firms.
A Track Record of Significant Financings
This latest announcement follows WOCF’s previous achievements, including a substantial $125 million asset-based lending facility for an industrial energy organization and another noteworthy $550 million ABL Facility for Wilbur-Ellis Holdings. These accomplishments underline WOCF’s commitment to providing versatile financial solutions tailored to meet diverse business requirements.
About White Oak Commercial Finance
White Oak Commercial Finance, LLC specializes in offering various financial solutions like asset-based lending, full-service factoring, invoice discounting, government contract financing, supply chain financing, inventory financing, import/export financing, trade credit risk management services, accounts receivable management, and credit/collections services. With offices spread throughout the United States and Australia since 2007, White Oak Global Advisors and its affiliates have successfully deployed over $21 billion across more than twenty distinct lending products including term loans and equipment financing.
This extensive suite of services positions WOCF as an industry leader capable of catering to varying financial needs while fostering growth among mid-sized enterprises looking for reliable financial partners.