Turning Rock Partners, a private investment firm based in New York, announces the closing of a $15 million special situation credit financing tied to a waste remediation company. The Turning Rock financing is supported by long-term contractual fee streams generated by a diversified portfolio of corporate and government contracts.
“Our partnership with the company allows it to deliver on existing business contracts while also pursuing its in-place backlog of new projects,” said Sam DeKoven, Senior Associate at Turning Rock.
The closing of this $15 million financing project marks Turning Rock’s sixth transaction in the last year.
Turning Rock Partners was advised by Todd Bowen of Greenberg Traurig.
Turning Rock Partners targets debt, equity and hybrid investments in underserved or capital constrained lower-middle market businesses in North America. TRP structures bespoke financing solutions for companies across the private market landscape.
For more information, visit www.turningrockpartners.com.