Case Summary: Remprex
$22 million First Lien Credit Facility
Founded in 2005, Remprex, LLC is leading provider of managed technology services for the intermodal industry including Class I railroads and port operators. Their unique product offering consists of engineering, construction, installation, maintenance and ongoing operating support for state-of-the-art Automated Gate Systems.
Gates Group Capital Partners, a private equity firm focused on investments in the transportation industry, obtained exclusivity to purchase a majority stake in the Company from the founders.
Crystal Financial SBIC provided a $22.0 million first lien credit facility comprised of a $20.0 million term loan and a $2.0 million delayed draw term loan to fund the acquisition and provide additional capital for continued growth.