Bridge Bank’s Corporate Banking group provided senior debt financing to support Sole Source Capital’s leveraged buyout of Trade Supplies.
Founded in 1975 and headquartered in Los Angeles, Trade Supplies distributes non-perishable food service disposable items, packaging solutions and janitorial supplies to a variety of businesses including both major chain and family-owned restaurants, caterers, bakeries, schools, large public venues, hospitals, health care facilities and food processors.
“At Bridge Bank, we are committed to supporting private equity sponsors by providing flexible financing structures with speed and certainty,” said Rick Lamoreux, senior vice president in Bridge Bank’s Southern California Corporate Banking group. “We are pleased that we could support Sole Source Capital in their acquisition of Trade Supplies. All of us at Bridge Bank believe what they are doing is exceptional and we look forward to their continued growth and success.”
“This is the first of what we hope to be many transactions with Bridge Bank,” said Scott Sussman, partner at Sole Source. “We were impressed with their flexibility and the speed in which they executed the transaction. It was a real pleasure working with the Bridge Bank team.”
Founded in 2001 and based in San Jose, CA, Bridge Bank focuses on small-market and middle-market businesses across many industries, as well as emerging technology companies and the private equity community.
