Stonebriar Commercial Finance announced the closing of an $11 million term loan supporting the acquisition of nine (9) franchised Quick Service Restaurants (“QSR”). The acquisition features a seasoned and highly profitable group of stores with core market locations. SCF approved the transaction in seven days and closed in 25 days.
Greg Burns, Stonebriar managing director, stated, “With our flexible capital and experienced team, we were able to provide a timely capital solution for this restaurant acquisition. The stores’ proven cash flows, core market locations, strong brand, and the franchisee’s multi-concept expertise make this a compelling transaction. We look forward to cultivating our relationships with both the franchisee and franchisor, and will continue to seek out strong franchise finance opportunities.”
Jeff McCoy, Stonebriar VP of Credit, added, “We’re excited to have supported the franchisee and fast-growing franchisor to deliver this acquisition financing on an expedited basis. The speed of the approval and closing processes reflects both Stonebriar’s deep experience in the asset class and our responsiveness as a source of independent, non-regulated capital.”
About Stonebriar: Stonebriar, an Eldridge business based in Plano, TX, is a leading provider of financing solutions for businesses in a wide variety of industries, of various sizes and credit profiles. Stonebriar leases and finances assets located primarily in North America and select other jurisdictions worldwide currently through 5 distinct platforms—General Equipment, Aviation Capital, Rail Leasing, Real Estate and Sponsor Finance. To learn more about Stonebriar Commercial Finance please visit www.StonebriarCF.com.
About Eldridge: Eldridge grows diversified businesses with a focus on Insurance; Credit; Technology; Real Estate; Sports and Media; and Consumer. In particular, the firm seeks to build and grow businesses led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York, and London. To learn more about Eldridge please visit www.Eldridge.com.
For more information contact:
Kyle Parks: (469) 609-8525 Kyle.Parks@StonebriarCF.com
Greg Burns: (952) 374-8201 Greg.Burns@StonebriarCF.com