LOS ANGELES, CA (March 2, 2016) – St. Cloud Capital is pleased to announce a growth capital investment in Scottsdale, AZ-based EZ Own Auto Source.
EZ Own is an automotive rent-to-own company that owns and manages a fleet of approximately 1,000 vehicles in the greater Phoenix area. The Company’s rental program provides customers with a more compelling and consumer friendly option than other automotive alternatives.
St. Cloud’s investment will be used to double the fleet to approximately 2,000 vehicles. “EZ Own offers a creative alternative in the automotive space, and has built a platform prepared to scale,” said Jeremy May, a Principal at St. Cloud Capital. “We look forward to helping the company achieve this next stage of growth.”
“Partnering with St. Cloud will allow us to further leverage the platform that we have built, and really scale the business given the incredible market opportunity in front of us,” said Douglas Lecker, Chief Executive Officer of EZ Own.
St. Cloud invested in partnership with the Company’s existing lender, Hunting Dog Capital and merchant banking firm JDB Capital. St. Cloud Capital Managing Partner Kacy Rozelle added, “We are very impressed with Doug’s leadership and are excited to join with Hunting Dog and JDB in providing him the resources and strategic guidance to take EZ Own to the next level.”
For more information about EZ Own Auto Source, please visit www.ezownautosource.com
About St. Cloud Capital
St. Cloud Capital is a Los Angeles, CA-based private investment firm that provides growth capital to the lower middle market (companies with annual revenues generally between $10 million and $150 million) throughout the United States. St. Cloud typically invests $5 million – $20 million in companies across a wide range of industries in every layer of the capital structure, including senior secured debt, subordinated debt, and preferred and common equity. St. Cloud’s investment discipline includes non-control and control investments, and involves partnering with strong management teams or experienced industry entrepreneurs. For more information about St. Cloud Capital, please visit https://www.stcloudcapital.com