WhiteHorse Capital Provides New Credit Facility to ZS Fund L.P.


WhiteHorse Capital has agented a first lien credit facility in support of ZS Fund L.P.’s (“ZS Fund”) acquisition of Lily Transportation Corp. (“Lily”). Lily became an affiliate of Transervice Logistics, Inc. (“Transervice”), an existing portfolio company of ZS Fund L.P. as a result of this transaction.

Samuel Goldworm, Managing Director at WhiteHorse Capital added, “We are excited to support ZS Fund, Transervice, and Lily as they execute on a successful growth strategy.”

About Transervice
Founded in 1969 and headquartered in Lake Success, New York, Transervice provides dedicated contract carriage, contract maintenance, full-service leasing and freight brokerage services. Transervice operates out of more than 135 facilities across North America and manages over 25,000 pieces of equipment. Its workforce includes over 1,200 associates, including over 650 drivers and 350 technicians. For more information, please visit https://www.transervice.com/.

About Lily
Founded in 1958 and headquartered in Needham, Massachusetts, Lily provides dedicated contract carriage services. The company manages over 2,250 pieces of equipment in more than 50 locations, staffed by over 1,400 team members, including over 1,100 drivers. For more information, please visit https://www.lily.com/.

About WhiteHorse Capital
WhiteHorse Capital offers flexible, creative lending solutions to middle market companies across a wide range of industries, including Telecom, Media and Technology, Healthcare, Business Services and Financial Services. WhiteHorse has a broad investment mandate and provides senior and subordinated debt for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. WhiteHorse professionals, across the U.S. and Europe, have extensive experience and a proven track record of providing creative financing structures and employing a long-term relationship-oriented portfolio management philosophy. For more information, please visit our website at www.whitehorse.com.