WhiteHorse Capital Provides Financing to CROM
March 12, 2025 – WhiteHorse Capital is pleased to announce that it has provided a new first lien credit facility as sole lender and agent to CROM (the “Company”). Proceeds were used to support Frontenac’s acquisition of the Company, pay related transaction fees and expenses, and fund future acquisitions.
Craig Palmer, Managing Director at WhiteHorse Capital, added, “We appreciate the opportunity to partner with Frontenac and the CROM management team, and we look forward to supporting them as they pursue their next chapter of growth.”
About CROM
CROM is a water infrastructure solutions provider focused on the innovation, design, construction, restoration, and maintenance of the nation’s water and wastewater facilities. Based in Gainesville, FL, CROM specializes in the design and construction of prestressed concrete tanks, concrete removal and surface preparation, durability inspections and assessments, infrastructure upgrades, high-performance coatings, shotcrete, and structural restoration solutions. For more information, please visit www.cromcorp.com.
About WhiteHorse Capital
WhiteHorse Capital provides debt financing to middle market companies across a wide range of industries, including Telecom, Media and Technology, Healthcare, Business Services and Financial Services. WhiteHorse Capital has a broad investment mandate and provides senior and subordinated debt for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. WhiteHorse Capital professionals, across the U.S. and Europe, have extensive experience and a proven track record of providing creative financing structures and employing a long-term relationship-oriented portfolio management philosophy. For more information, please visit www.whitehorse.com.