Construction Partners gets $76 million credit facility from CIT Bank

By Angela McDaniels

Tacoma, Wash., Jan. 20 – Construction Partners, Inc. entered into a $76 million senior secured credit facility.

CIT Capital Equipment Finance was the lead agent, and the financing was provided by CIT Bank, according to a news release from CIT Group Inc.

The terms of the transaction were not disclosed.

The facility will be used to refinance equipment and real estate-related debt and for future growth.

Construction Partners in an infrastructure and road construction company based in Dothan, Ala. It is a portfolio company of SunTx Capital Partners, a Dallas-based private equity firm.

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