Alpine Ridge Funding, a specialty commercial finance company providing factoring and asset-based lending solutions to lower middle-market businesses, closed a $2 million ABL facility for a manufacturer and distributor of firefighting equipment and industrial flow-control components.
The financing replaces the company’s existing bank facility and provides enhanced working capital to support continued growth, improve liquidity and strengthen operational flexibility; all the while, preserving the relationship for the bank.
With more than five decades of manufacturing experience, the company produces firefighting couplings, fittings, adapters, valves and related products, while also distributing complementary equipment through a nationwide network of distributors and OEM relationships.
“This transaction reflects our commitment to providing customized working capital solutions for established industrial businesses,” Tom Harris, senior vice president at Alpine, said. “Our client has built an exceptional reputation for manufacturing quality products while maintaining long-standing customer relationships. We were able to structure a flexible financing solution that supports future growth. Today’s manufacturers require financing partners who understand operations, supply chains and working capital. By unlocking liquidity wrapped in their accounts receivable and inventory, we were able to provide a flexible, growth capital solution that will evolve alongside our client.”
