WhiteHorse Capital Provides Financing to Pro-Vac
LOS ANGELES – February 24, 2022 – WhiteHorse Capital provided a new $72.5 million senior secured credit facility to Pro-Vac (the “Company”) to support Gallant Capital Partners’ acquisition of the Company. Founded in 2002 and headquartered in Puyallup, WA, Pro-Vac is a full-service provider of hydro excavation, storm / sewer maintenance, and environmental services to customers located in the Puget Sound region.
“The WhiteHorse Capital team was a great financial partner throughout the transaction. We were impressed with their ability to move quickly and provide certainty of execution under a compressed timeframe,” said Christopher Suen, Principal at Gallant Capital Partners.
Daniel Dubé, Managing Director at WhiteHorse Capital, added, “We are excited to partner with Pro-Vac and look forward to supporting the management team and Gallant as they execute on their growth strategy going forward.”
Pro-Vac is an industrial stormwater and hydro-excavation service company that provides solutions to general contractors, municipalities, industrial facilities, commercial services, construction infrastructure projects, property managers and military branches. The Company primarily operates in Washington, Oregon, and Idaho.
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 our website at www.whitehorse.com.