GREENWICH, Conn., March 22,
2024 /PRNewswire/ -- BharCap Partners, LLC
("BharCap"), a Greenwich, CT based
private investment firm focused on the financial services sector,
announces the successful carve-out and acquisition of Red Oak
Inventory Finance ("Red Oak" or the "Company"), a commercial lender
dedicated to delivering floorplan finance solutions to
manufacturers and dealers across diverse asset classes, from ECN
Capital (TSX: ECN).
BharCap Partners Acquires Red Oak Inventory
Finance
Red Oak is a leading national provider of inventory financing
solutions tailored to the specific needs of businesses across the
RV, Marine, and Trailer industries. With a dedicated focus on
facilitating the distribution channels of the markets they serve,
Red Oak offers the delivery of customized financial solutions that
drive growth, optimize inventory management and enhance cash flow.
With a track record of success and a commitment to excellence, Red
Oak is a trusted partner for businesses seeking creative inventory
financing solutions, implemented with ease and efficiency.
Jeff Collins, CEO of Red Oak
Inventory Finance, noted, "I am thrilled to announce our
acquisition by BharCap and our subsequent partnership with their
team. This exciting transition marks a significant milestone in our
evolution and positions us incredibly well to further enhance the
Red Oak customer experience. We view our alignment with
BharCap as an incredible opportunity to deepen strategic
relationships, cultivate our customer-centric culture, and to serve
our markets with unparalleled effectiveness."
"We are excited to partner with the Red Oak team. They are
passionate about the markets they serve and keenly focused on
facilitating the success of their partners." highlighted
Ethan Wang, Co-Founder and Partner
of BharCap. "Our successful history of executing complex corporate
carve-out transactions and extensive experience in financial
services proved to be a differentiating factor for both the seller
and management. We look forward to working collaboratively with Red
Oak to significantly grow the business."
By combining Red Oak's inventory finance expertise and deep,
longstanding relationships with BharCap's extensive resources and
industry insights, clients can expect a comprehensive suite of
services tailored to their specific needs. This partnership opens
avenues for streamlined processes, enhanced efficiency, and
innovative financial products, ultimately empowering businesses to
optimize their inventory management and drive sustainable
growth.
About BharCap Partners:
BharCap Partners, LLC is a private investment firm investing in
businesses across the financial services industry including
specialty finance, insurance distribution and insurance services;
asset and wealth management; financial technology and tech-enabled
business services. BharCap is a minority-owned and controlled firm
and manages over $2.2 billion of
capital across 11 investments since inception. For more
information, visit www.bharcap.com.
About Red Oak Inventory Finance:
Red Oak Inventory Finance is a trusted relationship lender
specializing in providing inventory financing solutions to
businesses across a variety of industries. With a focus on
empowering businesses to optimize working capital and achieve
success through effective inventory management, Red Oak offers
innovative, flexible financing solutions designed to meet each
customer's unique needs. Backed by a team of seasoned,
entrepreneurial professionals with deep finance and industry
expertise, Red Oak ensures businesses have access to the capital
they need to thrive in today's competitive, dynamic markets.
Committed to fostering long-term partnerships and driving
sustainable growth, Red Oak is dedicated to helping businesses
achieve their strategic objectives. For more information about Red
Oak and its comprehensive range of financing solutions, visit
www.redoakinventoryfinance.com.
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SOURCE BharCap Partners
