The strategic relationship with Fortress allows CAC Specialty to support the capital needs of its clients in connection with acquisitions, recapitalizations, growth capital and other bespoke financing transactions. Through this relationship, Fortress is equipped to provide short-term financing for CAC clients facing liquidity pressure due to the direct and indirect impact from COVID-19.
“During this challenging time, we are confident in our ability to help our clients solve problems,” said Bruce Denson Jr., president of CAC Specialty and Cobbs Allen. “Our relationship with Fortress gives us significant tools to help our clients weather this storm.”