Stellus Capital Provides Financing for Clarion's Investment in International Cybernetics
- Editor
- Jun 24
- 1 min read
Whats Happening:
Stellus Capital Management has provided senior debt financing and an equity co-investment to support Clarion Capital Partners' investment in International Cybernetics (ICC), a technology-enabled infrastructure management firm. ICC offers software-powered roadway pavement condition surveys and structural testing services across the United States and Canada, which are crucial for government infrastructure management.
Key Moves:
Stellus provides senior debt and equity co-investment for Clarion's ICC investment
Clarion partners with former SGS and Intertek executive to build TICC services platform
ICC to continue under current CEO leadership as cornerstone of broader TICC platform
By The Numbers:
ICC operates across the United States and Canada
ICC has a nearly 50-year history in the industry
ICC provides services to a growing number of government agencies
Key Quotes:
"Clarion is excited to begin this new partnership with International Cybernetics, a company with a nearly 50-year history," said Clarion Partner, Eric Kogan.
"We are excited to partner with Clarion on another transaction," said Colin Baker, Managing Director at Stellus.
"We look forward to creating long-term value with the ICC team and also appreciate Stellus' support during this process and moving forward as we pursue acquisitions."
Bottom Line:
Stellus Capital Management's financing support for Clarion Capital Partners' investment in International Cybernetics demonstrates the fund's commitment to backing strategic investments in the infrastructure management sector. This partnership aims to create a broader TICC platform, leveraging ICC's expertise in critical roadway infrastructure data collection and management.
Comments