SouthStar Capital announced the deployment of a $1.5 million asset-based lending facility, including equipment financing, for a multi-entity business operating within the equipment leasing and professional services sectors.
The borrower, part of a broader corporate structure, operates multiple affiliated entities focused on leasing vehicles and construction equipment, alongside a well-established legal services platform. With all existing equipment fully deployed and demand continuing to outpace supply, the company required additional capital to expand its fleet and capture new revenue opportunities.
SouthStar Capital structured a flexible hybrid ABL facility secured by equipment and accounts receivable, providing the liquidity needed to support near-term growth. The structure was tailored to the client’s unique ownership model and asset base, allowing for efficient deployment of capital.
With this facility in place, the company is positioned to scale its equipment portfolio, meet increasing market demand, and continue building recurring revenue through its leasing operations