LOS ANGELES, CA (November 6, 2016) – St. Cloud Capital is pleased to announce a growth capital investment in Minneapolis, MN-based Renters Warehouse. It is an investment out of St. Cloud’s third fund, which has committed capital of $250 million.
Founded in 2007, Renters Warehouse is a property manager for single family residence rental properties. The Company has approximately 16,000 properties under management in 32 markets. The Company differentiates itself through centralized operations centers allowing it to efficiently manage its nationwide footprint with specialized staff. Renters Warehouse is a portfolio company of Minneapolis, MN-based private equity firm Northern Pacific Group.
“Renters Warehouse has a unique opportunity to capitalize as a leading provider in a fragmented and fast growing industry” said Jeremy May, a Principal at St. Cloud Capital.
“This transaction provides us the capital to continue aggressively expanding into new markets. We are excited by the capital and strategic partnership provided by St. Cloud.” said Kevin Ortner, Chief Executive Officer of Renters Warehouse.
Kacy Rozelle, St. Cloud Capital Managing Partner added “We are very impressed with Kevin and the whole Renters Warehouse team, as well the sponsorship by Northern Pacific Group. We look forward to working with the Company during this next stage of the Company’s growth.”
For more information about Renters Warehouse, please visit http://renterswarehouse.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