Praesidian Provides $15.5M for Lone Star Overnight Deal

Praesidian Capital has invested $15.5 million of first lien debt in overnight shipping company Lone Star Overnight. The funding is designed to support its acquisition by a sponsor group comprised of Pilgrim Capital Partners, Fort Point Capital, and MRL Capital, the firm said Thursday. Lone Star Overnight is an express and ground parcel delivery company working in Texas, Oklahoma and Louisiana.

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