Stellus Capital Management, LLC Provides Unitranche Financing in Support of Brightstar Capital Partners’ Acquisition of Amerit Fleet SolutionsJan 20, 2021
Houston – TX, January 11, 2021 – Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing in support of Brightstar Capital Partners’ (“Brightstar”) acquisition of Amerit Fleet Solutions (“Amerit” or the “Company”), a nationwide provider of outsourced fleet maintenance services.
Amerit, based in Walnut Creek, CA, is one of the leading providers of outsourced fleet maintenance across the United States, leveraging its nationwide infrastructure, including mobile maintenance solutions, to provide integrated services to customers wherever they are needed. The Company’s team of highly skilled technicians and managers provide customized service programs to over 150,000 vehicles to improve clients’ fleet uptime, safety, and reliability.
“We appreciate Stellus’ ability to work quickly and efficiently in support of a successful and timely transaction,” said Matthew Allard, Partner at Brightstar, adding, “We look forward to continuing our partnership with the Stellus team and supporting Amerit with their growth strategy.”
Colin Baker, Managing Director at Stellus, added, “We are excited to partner with Brightstar and have the ability to support the Amerit management team with their ongoing success. Amerit’s position as a leading national provider enables the Company to be a well-positioned platform for growth.”
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