Alignment Credit, a provider of strategic credit solutions for growth and lower middle-market companies, acted as the sole lead arranger and administrative agent for a senior secured credit facility to support the buyout of Keystone Fireworks by Argonne Capital Group.
Keystone Fireworks is a retailer of consumer fireworks in Pennsylvania. The company designs, imports and sells proprietary, branded products from its licensed stores. Argonne Capital Group is a middle-market investment firm that has invested more than $2 billion with a focus on multi-state, multi-unit businesses in retail, restaurant and business services.
“Alignment Credit was responsive, flexible and a pleasure to work with. They understood the business model and provided a credit solution that supported the Company’s unique needs and future growth,” Bill Weimar, president of Argonne Capital, said.
“We are pleased to have the opportunity to complete this transaction with the team at Argonne Capital. They were great to work with and thoughtful in their underwriting approach. We are extremely impressed with Keystone’s platform and excited to partner with Argonne to support the Company’s future growth,” Bijal Shah, partner at Alignment Credit, said.
“Keystone is a great example of the type of company Alignment Credit looks to partner with. Providing growing businesses with debt financing best tailored to their strategic objectives is the key competency of our firm,” Vadim Margulis, managing partner at Alignment Credit, said.
