Gerber Finance provided an additional line of credit to Designer Protein in partnership with PCG Investors.
Designer Protein will use the funding to buy back stakeholder shares and expand the brand into a broader line of active lifestyle products. Designer Protein has been a client of Gerber Finance since 2014 and is a part of the newly launched Naturally Gerber Finance division, which is focused on the natural products industry.
“We have a long-standing relationship with Designer Protein and are happy to support this next, exciting step in their growth,” Jennifer Palmer, CEO of Gerber Finance, said. “Our flexible structure and hands-on approach make it seamless for us to partner with other financing partners like PCG to develop the best strategy for our clients.”
“The management team of Designer Protein is excited to partner with PCG, one of the earliest investors in healthy living and values-based businesses, and Gerber Finance in a recapitalization of the company focused on expanding Designers’ legacy of great products into a broader line of active lifestyle products,” Paul Pruett, CEO of Designer Protein, said. “Along with every member of our management team and PCG, we now own 100% [of] the company, which we plan to build into a leading active lifestyle brand.”