Aurora Trailer Holdings acquired the Wabash trailer leasing and rental business and the company’s wholesale aftermarket parts distribution business. The loan will also be used to provide for ongoing working capital, letters of credit and capital expenditures. Aurora Trailer Holdings is a company formed by equity sponsor Jefferies Capital Partners and members of Wabash’s management team.
Fleet Capital Corporation will also provide cash management products and services.
Associated with Jefferies Group, Inc. (NYSE:JEF), Jefferies Capital Partners is a private equity investment firm with more than $600 million in funds under management. Jefferies Capital Partners makes middle-market private equity and equity-linked investments in management buyout, industry consolidation, recapitalization and growth equity opportunities.
Fleet Capital Corporation, which has 23 offices located throughout the United States, provides asset-based loans and a broad array of capital markets products to middle-market companies in North America and their foreign subsidiaries. It also provides access to cash management, foreign exchange and derivative products and services. Fleet Capital is part of FleetBoston Financial (NYSE & BSE: FBF), a diversified financial services company with assets of $197 billion. The company offers an array of financial solutions to over 18 million individual, corporate, and institutional customers.