The Car and Truck Fleet and Leasing Management Magazine

The Bekins Company Receives $26 Million Senior Secured Facility From Merrill Lynch Capital

June 1, 2004

The Bekins Company, a transportation and distribution services companies, announced on May 27 that it has received a $26 million asset-based credit facility from Merrill Lynch Capital, a commercial finance company and division of Merrill Lynch Business Financial Services, Inc. Merrill Lynch Capital was the sole lender on this transaction.Bekins will use this facility for working capital purposes. Specifically, the funds will be used to finance future acquisitions, support future revenue growth and to expand its STARS project, further improving Bekins' dispatching logistics capabilities and operating efficiencies, with its HomeDirectUSA business segment.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Sponsored by

According to the U.S. Census Bureau’s 2002 Vehicle Inventory and Use survey, a “medium” truck classification refers to a vehicle with an average weight of between 10,001 and 19,500 pounds.

Read more

Up Next

More From The World's Largest Fleet Publisher