"We are excited to support the growth of Climax as it continues to build upon its best-in-class product offering," said Barry Osherow, Managing Director at Enhanced Capital. "This transaction will position Climax to expand its production capacity."
"Enhanced Capital demonstrated its flexibility and speed throughout the entire process," said Ted Cordes, CFO of Climax. "We are looking forward to working with the Enhanced Capital team over the coming years."
About Enhanced Capital
ESBIC is a SBIC fund set up for the purpose of providing debt and minority equity financing to U.S.-based lower middle market companies. Enhanced Capital, headquartered in New York City, is a diversified private investment firm focused on established small and mid-sized companies overlooked by traditional sources of capital due to location or size.