SDR Ventures Raises $5 Million Credit Facility
DENVER – March 31, 2012 – SDR Ventures recently announced the close of a transaction, having raised $5 million in senior debt financing for Denney Transport, LTD (“Denney”) through Mutual of Omaha Bank. SDR Ventures served as exclusive advisor to Denney throughout the transaction.
“I am thrilled to partner with Mutual of Omaha Bank, and am thankful to SDR Ventures for their service and expertise throughout the process,” said Mike Denney, President and CEO of Denney.
Headquartered in Commerce City, Colo., Denney is an interstate freight carrier specializing in refrigerated freight and refrigerated truckloads. In addition to their Colorado headquarters, Denney maintains a terminal in Omaha, NE and serves locations coast to coast with a fleet of over 100 tractors and 130 refrigerated trailers.
“I have known Mike Denney and Denney Transport for a number of years. Mike is a top-notch operator and Denney is a true Middle-Market Denver success story.” said Chris Bouck, Founding Principal of SDR Ventures.