BharCap Partners, a Greenwich, CT-based private investment firm focused on the financial services sector, announced the successful carve-out and acquisition of Red Oak Inventory Finance from ECN Capital. Red Oak Inventory Finance is a commercial lender focused on delivering floorplan finance solutions to manufacturers and dealers across diverse asset classes.
Red Oak is a national provider of inventory financing solutions tailored to the specific needs of businesses across the RV, Marine, and Trailer industries. With a focus on facilitating the distribution channels of their markets, Red Oak delivers customized financial solutions that drive growth, optimize inventory management, and enhance cash flow.
In combining Red Oak’s inventory finance expertise and deep and longstanding relationships with BharCap’s extensive resources and industry insights, clients gain a comprehensive suite of services tailored to their needs. And this partnership opens avenues for streamlined processes, enhanced efficiency, and innovative financial products, ultimately empowering businesses to optimize inventory management and drive sustainable growth.
KEY QUOTES:
“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.”
– Jeff Collins, CEO of Red Oak Inventory Finance
“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. 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.”
– Ethan Wang, Co-Founder and Partner of BharCap
