Alaris tops up investments in Federal Resources, Sandbox

Canadian alternative equity firm Alaris Royalty Corp has committed an additional US$13.5 million to Federal Resources Supply Co, a Stevensville, Maryland provider of mission-critical solutions to defense, first-responder, homeland security and maritime end-users. It also committed an additional US$7 million to Sandbox Group LLC, a Chicago marketing and advertising services specialist. The proceeds of the investments will support acquisitions. Alaris also expects to close a US$15 million contribution to a new partner this month. The latest deal will bring the firm's total deployments in 2017 to a record $195 million.

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