Westport, CT – August 27, 2024 — Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a $30 million revolving credit facility for a specialty rental platform, which is a portfolio company of Crossplane Capital.  The new capital was used to fund a strategic add-on acquisition and will also provide additional liquidity to support the company’s future growth expenditures.

“Great Rock’s partner-like approach and efficient execution stood out as we searched for a financing solution to support this initial add-on acquisition and future investments to expand the company’s rental fleet,” said Greg Balliro, Partner of Crossplane Capital. “With the right financing structure in place and a strong team of operators at the helm, we look forward to capitalizing on the substantial growth opportunities that lie ahead of the platform.”

“Crossplane Capital has a long-standing reputation for excellence, and we enjoyed working with their high caliber team to support the growth objectives of their portfolio company,” said Stuart Armstrong, CEO of Great Rock Capital. “The strategic add-on acquisition has positioned this specialty rental platform for rapid market expansion, and we look forward to being part of their ongoing success.”

About Great Rock Capital

Great Rock Capital is an asset-focused commercial finance company that specializes in serving the needs of middle market companies across the United States and Canada. The Company provides fast, flexible, and creative financing solutions that maximize liquidity and provide growth capital. The senior secured credit facilities offered by the firm range in size from $10MM to $100MM and include working capital, term-heavy, and term-only loan structures not provided by traditional commercial lenders. The firm has significant capital commitments from its partners, a private equity business and a large institutional investor. To learn more, visit www.greatrockcapital.com. 

About Crossplane Capital

Launched in 2018, Crossplane Capital is a Dallas-based private equity firm that makes control investments in niche manufacturing, value-added distribution, and industrial business services companies. The firm seeks to partner with lower-middle market companies to enhance financial performance and generate strategic value creation. For more information, please visit www.crossplanecapital.com.