Pilot Wave Holdings, a technology-focused acquisition and growth firm, closed on a $6 million credit facility with Aequum Capital, which will provide working capital to support continued growth and acquisitions of additional portfolio companies.
“We are thrilled to secure this credit line from Aequum, as it empowers PWH to forge ahead in the dynamic world of e-commerce,” Arik Oganesian, head of E-Commerce at Pilot Wave, said. “This financial boost will be instrumental in our next acquisition, enabling us to seize a compelling opportunity.”
Pilot Wave employs a distinctive approach to business, focusing on investing in and acquiring small businesses and leveraging top-notch data and analytics to fuel their growth. By activating various strategies within the platform, Pilot Wave aims to propel the growth of omni-channel brands. The firm is category-agnostic but customer-centric by targeting brands that complement the existing basket-of-goods of current portfolio owned brand customers.
“This is a great first step in the relationship between Aequum and PWH,” Eric Weisheit of Aequum Capital, said. “We have full confidence in the direction and operational management of PWH. Their proven track record of successful e-commerce acquisitions and overall sector expertise is second to none. We look forward to partnering with them in their continued growth and success in the dynamic landscape of e-commerce.”
