CapX Partners Provides $7.25M Facility to Dicom
In December 2017, CapX Partners(ACPX), who recently joined the Accord group of companies, offered Dicom four and five-year capital lease structures to meet the liquidity and debt service needs of the company. ACPX was able to meet Dicom’s accelerated funding needs, bumping up the original $5 million request to $7 million in a short time frame after the Company decided to go deeper with their “owned asset” strategy.
Dicom Transportation Group is a leading provider of expedited transportation and logistics services in North America, fulfilling over 80,000 shipments a day from their transportation hubs across Canada and the US.
When Dicom’s 2017 capital expenditure plan called for additional day cab trucks, straight trucks and forklift trucks balanced between Canada and the U.S., the Dicom management and Board chose to look outside of their multi-bank senior loan syndication in an effort to expedite the equipment financing.