Alaris puts $10 mln more to work in C&C Communications

Canadian alternative equity firm Alaris Royalty Corp has committed an additional US$10 million to C&C Communications LLC (ccComm), a Federal Way, Washington-based Sprint preferred wireless retailer. Alaris, which has backed ccComm since 2016, said the deal's proceeds will fund the company's acquisition of an additional 33 Sprint locations in Washington, Oregon, Idaho and California, bringing total U.S. locations managed to 96. Alaris has deployed more than $200 million over the past 12 months, including $50 million in follow-on investments in existing portfolio companies.

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