Rango Receives $25M Debt Facility From White Oak Commercial Finance

The company plans to use the funds to refinance its current debt, support day-to-day working capital needs, and purchase new assets for its industrial operations.

Rango is a diversified mining services platform operating across 13 states and serving key end markets, including aggregates, precious metals, and frac sand. The company focuses on delivering efficient, reliable, and safety-driven operations. As demand for outsourced mining services continues to evolve, the new financing facility helps strengthen its platform and better support its customers.

“We’re pleased to have completed this refinancing with WOCF, which enhances our financial flexibility, and strengthens our capacity to pursue new mining projects,” said Scott Bostwick CFO at Rango, Inc. “This new structure positions us to execute reliably in the field while investing in the equipment, workforce, and infrastructure needed for continued growth.”

“Rango represents the type of essential business that drives industrial activity and economic growth across the U.S.,” said Andre Hakkak, CEO and Co-Founder of White Oak Global Advisors. “We are proud to support the company with a flexible financing solution that enhances its ability to invest in operations, expand capacity and continue delivering critical services to its customers.”

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“The team at Rango has built an impressively scaled business centered around operational excellence,” said Albert Brandano, Partner at White Oak Global Advisors. “We are excited to be partnering with them during Rango’s next stage of growth.”

“This transaction reflects our ability to structure ABL solutions for capital intensive businesses with dynamic working capital needs,” said David Montiel, Managing Director for Underwriting at White Oak Commercial Finance. “We look forward to supporting Rango as it continues to execute across its project base.”

About Rango

Founded in 2012 by Rodney George, Rango has deep expertise in material movement and mining services. The company operates with a focus on productivity, efficiency and safety, handling all types of equipment and materials. Backed by a strong team of executives and operators, Rango continues to win new projects, and expand its work across mining companies, construction firms and municipalities.

About White Oak Commercial Finance

Founded in 1987 by Andre A. Hakkak, White Oak Commercial Finance is an affiliate of White Oak Global Advisors that provides a wide range of financial solutions, including asset-based lending, factoring, invoice discounting, and supply chain and inventory financing. The firm also offers services such as trade credit risk management, accounts receivable management, and credit and collections support, with offices across the United States, the United Kingdom, and Australia.

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