Clarus Capital, a private credit firm specializing in equipment finance, announced that it has increased its commitments to a leading sponsor-backed transportation services provider by $20 million. The financing will facilitate the acquisition of new specially outfitted vehicles to fulfill requirements under the company’s recent contract wins with dry powder for additional contract bidding.

Clarus CEO Steve O’Leary noted, “The Clarus team has collectively executed over $80 million of financings for this client across multiple years and product types including cash flow loans and equipment financings. Our latest upsize is a continuation of Clarus’ commitment to serve as a long-term partner in support of our customers’ strategic growth initiatives.”

Clarus Chairman Tim Conway stated, “We are pleased to support this sponsor once again. Clarus values long-term partnerships, exemplified through multiple financings for this client since 2017 and over $225 million of funded commitments to its sponsor’s portfolio companies since 2005. Clarus’ ability to deliver tailored, efficient, and reliable capital solutions underscores our dedication to fostering long-term relationships with private equity sponsors and their portfolio companies.”