Great American Capital Partners Provides $20 Million FILO Term Loan to General Finance Corporation
April 18 2017 - 09:00AM
Great American Capital Partners, LLC (“GACP”), a wholly-owned
subsidiary of B. Riley Financial, Inc. (NASDAQ:RILY), has announced
that a fund managed by GACP has entered into an agreement with
General Finance Corporation (“GFC”) to provide a $20 million term
loan for certain subsidiaries of GFC.
“We are very pleased with this refinancing as it provides us
with ongoing financial flexibility and nicely positions us for
continued growth,” said Ronald Valenta, Chairman of General
Finance. “We look forward to our continuing mutually beneficial
relationship with GACP.”
“Our industry experience and flexible financing strategy
allowed us to demonstrate our ability to help companies like
General Finance continue to pursue growth opportunities in their
industry,” said John Ahn, President of GACP. “We look forward to
building upon our new relationship and working with the General
Finance team.”
About Great American Capital Partners, LLC
GACP, a division of B. Riley Capital Management, an
SEC Registered Investment Advisor and a wholly owned subsidiary
of B. Riley Financial, Inc. (NASDAQ:RILY), originates and
underwrites senior secured loans across a wide array of industries.
GACP is dedicated to providing opportunistic and responsive capital
to the underserved middle market.
B. Riley Financial, Inc. is a publicly traded, diversified
financial services company which takes a collaborative approach to
the capital raising and financial advisory needs of public and
private companies and high net worth individuals.
About General Finance Corporation
Headquartered in Pasadena, California, General Finance
Corporation (NASDAQ:GFN) (www.generalfinance.com) is a leading
specialty rental services company offering portable storage,
modular space and liquid containment solutions. Management’s
expertise in these sectors drives disciplined growth strategies,
operational guidance, effective capital allocation and capital
markets support for the Company’s subsidiaries. GFN’s North America
leasing operations consist of wholly-owned subsidiaries Pac-Van,
Inc. (www.pacvan.com) and Lone Star Tank Rental Inc.
(www.lonestartank.com), providers of portable storage, office
and liquid storage tank containers, mobile offices and modular
buildings. In addition, the Company also owns 90% of Southern
Frac, LLC (www.southernfrac.com), a manufacturer of portable liquid
storage tank containers and other steel-related products in North
America. The Company’s Asia-Pacific leasing operations in
Australia and New Zealand consist of majority-owned Royal Wolf
Holdings Limited (www.royalwolf.com.au), the leading provider of
portable storage solutions in those countries.
Contact
John Ahn
310-689-2215
Jahn@gacapitalpartners.com
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