BharCap Partners continues to invest in financial services by acquiring Red Oak Inventory Finance.
Red Oak is a commercial lender focused on floorplan finance solutions. The lender will contribute inventory finance experience and relationships to BharCap Partners, a private investment company focused on financial services.
Red Oak provides inventory financing solutions specific to RV, marine and trailer industries. The company said its goals are to customize financial solutions that nurture growth, enhance inventory management and increase cash flow.
BharCap co-founder and partner Ethan Wang said that the company is eager to partner with Red Oak.
“They are passionate about the markets they serve,” Wang said, “and keenly focused on facilitating the success of their partners.”
BharCap resources and industry insights will extend financial services.
Red Oaks CEO Jeff Collins said the Red Oak team views the partnership as an opportunity to further strategic relationships, create a customer-centered culture and serve markets effectively.
Collins said, “This exciting transition marks a significant milestone in our evolution and positions us incredibly well to further enhance the Red Oak customer experience.”
