Stellus Capital Management, LLC Provides Unitranche Financing in Support of The CapStreet Group’s Acquisition of TradePendingMar 24, 2021
Houston – TX, March 24, 2021 – Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing in support of The CapStreet Group’s (“CapStreet”) investment in TradePending, LLC (“TradePending” or the “Company”), a provider of software solutions for car dealerships.
Founded in 2014 and headquartered in Carrboro, North Carolina, TradePending’s mission is “simple automotive”. The Company builds software for car dealerships that brings accuracy, transparency, and simplicity to both their customers and consumers alike. The solution leverages vehicle pricing data to enable digital retailing, optimize online conversions, and maximize profitability for trade-in vehicles.
“We are excited to continue our relationship with Stellus. The ability to leverage the deal team’s existing industry knowledge resulted in an efficient transaction process,” said Adrian Guerra, Partner at CapStreet, adding, “We look forward to continuing our partnership with the Stellus team as we grow the TradePending platform.”
Gavin Roseman, Managing Director at Stellus, added, “We are excited to partner with CapStreet on another transaction and are looking forward to working with Brice and the TradePending team. We believe the Company’s differentiated and highly value-added software platform, experienced and entrepreneurial management team, and favorable industry trends position the Company for growth.”
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