EnviroCap finances reimbursement claims payable from state trust funds for environmental remediation projects that clean up leaking underground storage tanks. The company is the largest finance company in the U.S. which specializes in this $1.3 billion annual trust fund claims market. Some of the company’s customers include Sunoco, Valero, Shell and ConocoPhillips. EnviroCap has enjoyed tremendous success since its founding in 1998 and plans to grow rapidly with the completion of this financing.
$25M Senior Debt Facility / $3.2M Subordinated Debt / $500K Equity
The undersigned acted as the exclusive placement agent to EnviroCap for this private equity transaction.