Ares Commercial Finance provided a senior secured revolving line of credit to support the acquisition of Continental Battery Company by H.I.G. Capital.
Continental Battery is a Dallas-based distributor of aftermarket batteries used in a variety of applications, including electric utility vehicles/golf carts, automobiles, commercial trucks and recreational vehicles/boats.
H.I.G. is a private equity and alternative assets investment firm.
Ares Commercial Finance is the asset-based lending team of Ares Management. The company provides credit facilities up to $300 million to middle market and lower middle market private and public companies across a range of industries.
