Asset manager Ares Management LP (NYSE: ARES) has acquired affiliated commercial finance companies Keltic Financial Services LLC and Keltic Financial Partners II LP.

Keltic, headquartered in Tarrytown, New York, provides asset-based loans (ABLs) to small and middle-market companies. Terms of the deal were not disclosed.

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.