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Reich Brothers Closes Capital Lease for Dry Van Trailers

February 05, 2018, 07:05 AM
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Reich Brothers Business Solutions, LLC (“RBBS”) closed a $1.28MM capital lease facility backed by dry van trailers for a Texas-based regional trucking company operating out of terminals in Dallas, TX, Oklahoma City, OK, and Denver, CO. RBBS has extensive experience with tractor trailer fleets and was brought into the transaction by a company advisor due its responsiveness and ability to meet the lessee’s structural considerations. Due to the success in funding the initial equipment schedule, RBBS is currently working with the company to structure a $2.7MM capital lease for another group of trailers in the company’s fleet.
Kyle Sligar, President of RBBS, indicated that, “Reich Bros. is pleased to support a successful, growing trucking business with many long-standing Fortune 500 customer relationships across a wide range of both consumer and commercial products. As the economy has picked up steam in recent months, the trucking industry is seeing robust demand and relatively tight capacity leading to rising rates and translating into solid financial performance. Despite the current positive demand backdrop, it pays to work with management teams, like the company founders, who have been through cycles and take steps to position the company for success in all environments through customer diversification and the development of long-term, dedicated hauling operations.”

Reich Brothers Business Solutions, LLC (RBBS) provides ?nancing for companies in a wide range of industries throughout North America including, agriculture, food/beverage, industrial/manufacturing, construction, energy/mining, healthcare/pharmaceuticals, transportation, and technology. RBBS also works with banks and other lenders to acquire performing and distressed loans and leases (both individual positions and portfolios) on a secondary basis. RBBS is a core division of Reich Brothers Holdings, LLC, which offers a singular point of contact for complex asset dispositions and liquidity enhancements for companies undergoing structural changes. As a partner of Victory Park Capital Advisors, LLC, one of the largest middle market private equity, direct lending, and alternative investment ?rms in the world, Reich Brothers Holdings, LLC, has the financial resources to help end-users or financially-challenged entities monetize manufacturing plants, real estate, and capital equipment.

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