Callodine Commercial Finance provided $20 million of financing to support Los Angeles-based private equity firm Kingswood Capital Management‘s acquisition of MEC, a Canadian retailer of outdoor wear and supplies.
“We are thrilled to support Kingswood’s acquisition of MEC,” Gene Martin, CEO of Callodine Commercial Finance, said. “This is the first transaction where we were able to support our clients under the Callodine banner, and there will be many more to follow.”
Callodine Commercial Finance is a private asset-based provider of loans to middle market companies.
