Assembled Brands closed $18 million in new facilities during the first three months of 2023.
Some of the recent transactions include:
- $4.5 million for a home goods company with more than $27 million in annual sales
- $2 million for an athletic apparel company that has grown by 500% during the last 12 months
- $5 million for beauty company Algenist
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“We are excited to partner with Assembled Brands as their support further provides Algenist the opportunity to pursue greater strategic initiatives and opportunities to position the brand for long term success.” Nancy McKay, CEO at Algenist, said.
Besides new loan facilities, Assembled Brands also approved nine upsizes to existing portfolio credit facilities, further raising the total of funds made available to businesses in the consumer goods space.
“Many growing consumer brands are drawn to Assembled Brands due to our ability to not only rapidly fund their growth, but also power the entire ecosystem of consumer goods. Our partner network offers everything from marketing expansion, data analytics, team recruitment, to overall business development, which is of great value to emerging businesses,” Jeff Mangiafico, vice president of origination at Assembled Brands, said.
