nFusion Capital Provides $20 Million to Fund Growth

A leading innovator and provider of services & solutions for intelligent transportation systems in North America, this company is one of the top four companies in their space in the U.S., and its parent is one of the top three players in Europe. They offer a comprehensive suite of products and services covering the entire value chain by combining advanced sensors, surveillance systems, telecommunications technologies, and processing. Their software for the all-electronic tolling market in North America is highly sought after due to their cutting-edge stereoscopic capability.  The Company was well positioned for growth in FY 24 and beyond with a stable customer base.

The Company’s parent company, a foreign-owned entity, sought a lender to capitalize their U.S. venture with debt for tax and non-tax reasons.  The Company required a sufficient line of credit to fund its operating needs and large multi-year projects, which required a substantial upfront investment to pay staff and purchase materials. The Company was drawn to nFusion for its understanding of the complexities of structuring and documenting the loan and advances, its willingness to lend against progress billings and other asset categories in the U.S. and Canada, and its scalable financing.

nFusion provided a $20 million asset-based facility with the flexibility to support the Company’s growth plans.

The external funding eliminated the need for the foreign parent company to make additional equity investments in the Company and provided availability using the Company’s assets in the United States and Canada sufficient to meet its ongoing capital needs.