Long Ridge Equity Partners led the equity round, of which the round invested $15 million in BlueTarp Financial, a provider of commercial credit for those in the building supply industry in the United States. Founded in 1998, BlueTarp has headquarters in Portland, Maine. Due to aggressive investment strategies, growth rate doubled in 2012 and this new capital infusion is expected to increase its presence in the building supply market. "Access to this additional capital gives us the financial runway to deliver more value to our customers and continue our upward momentum," says BlueTarp CEO Scott Simpson.

Private equity investment firm Long Ridge Equity Partners is the new addition to BlueTarp's investor group which includes Highland Capital Partners, Flybridge Capital Partners, Village Ventures and Trinity Ventures. The existing investors also participated in the equity round. BlueTarp has also expanded its credit facility with Wells Fargo Capital Finance. This and the $15 million added capital is expected to position the company for rapid growth.