BharCap Partners, a Greenwich, Connecticut-based private investment firm focused on the financial services sector, announced the acquisition of Red Oak Inventory Finance, a commercial lender dedicated to delivering floorplan finance solutions to manufacturers and dealers.
Red Oak is a national provider of inventory financing solutions tailored to the specific needs of businesses across the RV, marine and trailer industries. With a focus on facilitating the distribution channels of the markets they serve, the company said, Red Oak offers customized financial solutions that drive growth, optimize inventory management and enhance cash flow.
Jeff Collins, CEO of Red Oak, said, “I am thrilled to announce our acquisition by BharCap and our subsequent partnership with their team. This exciting transition marks a significant milestone in our evolution and positions us incredibly well to further enhance the Red Oak customer experience. We view our alignment with BharCap as an incredible opportunity to deepen strategic relationships, cultivate our customer-centric culture and to serve our markets with unparalleled effectiveness.”
“We are excited to partner with the Red Oak team. They are passionate about the markets they serve and keenly focused on facilitating the success of their partners,” said Ethan Wang, co-founder and partner of BharCap. “Our successful history of executing complex corporate carve-out transactions and extensive experience in financial services proved to be a differentiating factor for both the seller and management. We look forward to working collaboratively with Red Oak to significantly grow the business.”