2024 Dealmakers of the Year – Featured Lower Middle Market Deals

BORROWERINDUSTRYLENDERROLEAMOUNTSTRUCTUREABOUT THE DEAL
Purchaser and Collection Management of Medical ReceivablesAxiom BankParticipant$10.00 Revolving Line of Credit
Commercial Linen ProvidereCapitalLender$18.00 ABL FacilityCustomized ABL solution relieved immediate pressures and paved the way for sustainable recovery
MiningEclipse Business CapitalLender$18.50 Senior Secured Credit FacilityFacility refinanced existing debt and supported working capital needs
American NutsFood & BeverageGibraltar Business CapitalLender$18.00 Senior Secured FacilityFacility refinanced an existing bank relationship and secured additional liquidity
GarickNatural ResourcesHuntington Business CreditLender$18.00 Credit FacilitiesTo facilitate acquisition by original founder, refinance existing debt and provide ongoing working capital financing
Consumer Goods / Kitchen UtensilsInterNex CapitalLender$5.00 Revolving Line of CreditLOC can grow with the client; exceptional credit limits and concentrations align towards the client’s high-quality customer base
Lighting ProductsLighthouse FinancialLender$4.50 Credit FacilityDuring COVID-19, rising freight costs hit inventory and profits; Lighthouse provided credit, restoring liquidity
AerospaceLSQLender$20.00 Accounts Receivable Credit FacilityReferred by a wealth advisor, LSQ provided working capital, credit management and receivables support for growth
Plastic SuppliersPetrochemical-Based FilmsMidCap Business CreditLender$15.00 Asset-Based Credit FacilityNew financing partnership provided a flexible credit line to support global growth and enhance liquidity
WizelineTechnology / AIMidCap FinancialLender$20.00 Senior Secured Credit FacilityProceeds from the credit facility supported Wizeline’s growth and ongoing working capital needs.
The Singing Machine CompanyKaraoke ProductsOxford Commercial FinanceLender$2.00 Senior Credit FacilityNew credit facility expanded receivables funding, enhancing flexibility and supporting working capital needs
Modern SproutGarden DesignRepublic Business CreditLender$5.00 Asset-Based LoanAfter outgrowing its lender, the loan provided availability on inventory and e-commerce sales during seasonal ramp periods
N/ASeafoodRosenthal & RosenthalLender$11.00 ABL FacilityWhile facing the turnaround of a concentrated customer, the facility provided flexible, non-dilutive working capital quickly
Dover SaddleryEquestrian Products and ApparelSecond Avenue Capital PartnersLender$15.00 Senior Secured Revolving Credit FacilityNew facility supported strategic growth initatives, strengthened inventory management and improved operational efficiencies
TastemakersGamingSLR Business CreditLender$20.00 Credit FacilityStructured in partnership with equity holders and management, the facility supported evolving working capital needs
SabioAdvertising TechSLR Digital FinanceLender$10.00 Credit FacilityReplacing previous bank-led facility, this facility provided liquidity, balance sheet flexibility and stability with competitive terms
N/ANursing Home OperatorSLR Healthcare ABLLender$9.00 ABL RevolverFacility refinanced existing debt and provided additional liquidity for growth initiatives
KafenePOS FinancingTrinity CapitalLender$15.00 Venture Debt FacilityIncremental growth capital enabled commercial operations scaling and broadened consumer reach