Lincoln International successfully placed a new credit facility to fund Empower Rental Group’s acquisition strategy
Empower Rental Group
Headquartered in Nashville, Tennessee, Empower Rental Group is a leading platform of local equipment rental companies serving the Southeastern United States. The company maintains a broad offering of high-quality construction rental equipment such as aerial lifts, earthmoving equipment and material handling equipment for customers in commercial and industrial end markets. The platform provides customers with consistent equipment availability and a family-like culture with superior customer service.
Crossplane Capital sought to optimize Empower Rental Group’s capital structure and provide financing for a significant pipeline of complementary acquisitions that would further expand the platform’s footprint in the Southeastern United States. Lincoln International served as placement agent for the transaction and was able to leverage deep industry knowledge, debt capital markets expertise, investor relationships and creative transaction structuring experience to find the best-suited partner for the company. Empower Rental Group is well positioned to execute its growth strategy with the support of strong long-term lending partners PNC Bank and Sagard Credit.
Sherman Guillema, Managing Director in Lincoln’s Capital Advisory Group, commented, “Lincoln was honored to have supported Empower Rental Group as the company continues on its impressive growth trajectory. With the deep experience of the management team and their proven ability to close transactions, Empower Rental Group has emerged as the clear partner of choice for independent equipment rental businesses in the region. We look forward to being a continued supporter of the company as they usher in the next phase of growth.”
Crossplane Capital is a Dallas-based private equity firm investing control equity in industrial business services, niche manufacturing and value-added distribution businesses. The firm invests in companies with up to $200 million of revenue and significant value creation upside through prudent net working capital management, cost optimization and thoughtful revenue growth. The Crossplane Capital team has decades of collective experience transforming and growing industrial companies and brings a sophisticated operating model and collaborative culture to middle market family-owned companies and companies involved in complex situations.
We were very pleased to have Lincoln as an advisor on this transaction. Having tracked the growth of the platform previously, Lincoln was able to ramp up quickly to find the right term loan partner who could execute the financing with our existing ABL lender on an expedited timeline in a challenging environment.
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