C3 Rentals, a leader in trailer rental and ownership solutions, announced it secured a $100 million debt facility funded by WhiteHawk Capital Partners and arranged by Ankura Capital Advisors. This strategic funding will increase liquidity and support the company’s future working capital needs, enabling further expansion across the US.
C3 (known for partnering with trailer dealerships to make trailer ownership accessible to underserved markets) experienced significant growth and expanded to 47 states. And the company offers flexible trailer ownership solutions to a broad base of customers. With this new funding round, C3 plans to enhance its technological platform, expand its dealership network, and improve service offerings across its operational states.
This funding arrangement by Ankura Capital Advisors highlights confidence in C3’s business model and its potential to scale operations effectively.
KEY QUOTES:
“Ankura Capital Advisors has been an exceptional advisor throughout this process and in selecting WhiteHawk as a new capital partner as we position C3 for its next stage of life. We are looking forward to our partnership with WhiteHawk and all the resources they bring to the table as we build a more sustainable business going forward.”
– Craig Tatum, CEO of C3 Rentals
“C3 has demonstrated a robust business model with a strong emphasis on community service and innovative financial solutions. It was a pleasure to work with them and WhiteHawk to fuel their growth ambitions even in this challenging lending environment.”
– Kathleen Lauster, Senior Managing Director at Ankura Capital Advisors
