Farren Holdings

Hilco Corporate Finance Serves as Investment Banking Advisor to Farren Holdings
for Financing Transaction with Truist Bank

Hilco Corporate Finance (HCF) is pleased to announce the closing of a financing for Farren Holdings in connection with the combination of Farren International (Farren) and US Service Group (USSG). HCF acted as exclusive financial advisor to Farren and US Service Group. Financing for the transaction was provided by Truist Bank.

Headquartered in Ledgewood, NJ, Farren has been a trusted provider of transportation, logistics, and warehousing solutions, supporting clients nationwide. With decades of experience and a dedication to excellence, Farren provides a variety of services that guarantee the efficient and secure management of large and complex shipments.

USSG, based in Deer Park, NY, is renowned for its industrial services expertise, specializing in logistics, rigging, and crane services with a strong presence in the Northeast U.S.  Known for its technical expertise and precision, USSG offers solutions tailored to complex projects, focusing on industries that demand high standards of safety and reliability.

In seeking to combine operations, Farren and USSG required the repayment of all existing debt at both companies, but also a lending partner that would support Farren Holdings’ growth capital needs through a highly flexible solution. Truist Bank was selected as a result of its deep expertise in the transportation and logistics sector.

The formation of Farren Holdings enables both companies to expand their reach and enhance service offerings, allowing the newly combined organization to meet the specialized needs of a diverse client base across the country. Together, Farren Holdings will offer a seamless, integrated suite of services, leveraging the industry knowledge, technical skills, and extensive resources of both companies. Farren Holdings will be one of the largest companies focused on specialty transport, millwright and rigging services serving the manufacturing, aerospace, infrastructure and energy industries in the U.S.

Hilco Corporate Finance, an investment banking and financial advisory firm affiliated with Hilco Global, provides unmatched creativity and relentless support to its clients. HCF’s seasoned team of professionals provides Capital Advisory, M&A Advisory, and Special Situations/Restructuring Advisory across a range of industries, including Consumer, Retail, Business Services, Metals and Mining, Automotive, and Oil & Gas. HCF is a registered broker dealer and member of FINRA and SIPC.

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