White Oak Commercial Finance | November 19, 2021
White Oak Commercial Finance, LLC , an affiliate of White Oak Global Advisors, LLC, announced it provided a $5 million factoring facility to a Texas-based government contractor specializing in providing support services to the U.S. Government and subcontractors.
The transaction was structured against the company’s receivables to fuel its rapid growth and secure new government contracts of increasing size and complexity.
“White Oak was able to deliver a flexible and scalable financing solution that will help the company expand and take on new and larger contracts with confidence. We are proud to support this deserving business at such an important stage of its growth.”
White Oak Managing Director, Robert Mocerino
White Oak is dedicated to helping government contractors make the most of their assets with its federal, state, and local contracting know-how, hands-on consulting, and ready capital up to $250 million.
ABOUT WHITE OAK COMMERCIAL FINANCE, LLC
White Oak Commercial Finance, LLC (WOCF) is a global financial products and services company providing credit facilities to companies across the economy. WOCF’s solutions include asset-based lending, full-service factoring, lender financing, invoice discounting, government contract financing, supply chain financing, inventory financing, U.S. import/export financing, trade credit risk management, account receivables management and credit and collections support. The firm has offices and personnel throughout the U.S., UK, and Australia, including New York, San Francisco, Charlotte, Washington D.C., Atlanta, Los Angeles, London, Glasgow, and Sydney. WOCF is an affiliate of White Oak Global Advisors, LLC and its institutional clients.
ABOUT WHITE OAK GLOBAL ADVISORS
White Oak Global Advisors, LLC (WOGA) is a leading alternative debt manager specializing in originating and providing financing solutions to facilitate the growth, refinancing and recapitalization of small and medium enterprises. Together with its financing affiliates, WOGA provides over twenty lending products to the market, including term, asset-based, and equipment loans, to all sectors of the economy. Since its inception in 2007, WOGA and its affiliates have deployed over $10 billion across its product lines, utilizing a disciplined investment process that focuses on delivering risk-adjusted investment returns to investors while establishing long term partnerships with our borrowers.
Labcon North America | October 22, 2021
Labcon North America , the world's leading manufacturer of Earth Friendly® laboratory disposables, announced today a $59.3 million contract award from the U.S. Department of Defense (DoD) on behalf of and in coordination with the U.S. Department of Health and Human Services. The contract is for the domestic manufacturing expansion of pipette tips and tubes as a part of the supply chain for COVID-19 diagnostic testing.
Labcon's pipette tips and tubes, currently in production, have directly supported researchers developing COVID-19 vaccines while the tubes provide sterile airtight vessels for storage, testing and sample transport. This COVID-19 supply chain effort will allow Labcon to increase production capacity from 100 million to 236 million pipette tips per month. Tube production will increase from 27 million to approximately 58 million tubes per month by October 2025.
This expansion of capacity will occur in Petaluma, California and is expected to create dozens of new jobs in the Northern California region. "We are honored to be given this award at a critical time in the global pandemic and hope this effort by the U.S Government will better position the country for future pandemics," said Jim Happ, President of Labcon North America.
The U.S Department of Defense Assisted Acquisition (DA2) Cell led this effort in coordination with the U.S Department of the Air Force's Acquisition COVID-19 Task Force (DAF ACT). This effort was funded through the American Rescue Plan Act (ARPA0 to enable and support domestic industrial base expansion for critical medical resources.
Labcon is the world's leading producer of low carbon laboratory disposables and was the first to market compostable plastics for laboratories. Labcon's focus on sustainable solutions for laboratories dates to 1994 with the first low carbon products. A UL-Certified ISO 9001:2015 company; Labcon North America is headquartered in the San Francisco Bay area.
Proximai | September 29, 2020
Proximai is breaking new ground in the aerospace industry as one of the first companies to offer remote, subscription-based AI consulting services and machine learning systems for aeronautics, astronautics, and astrophysics managers and engineers at commercial aerospace firms, department of defense, federal government agencies, non-government organizations, and prime & subcontractors.