LBC Credit Partners provided a $12.5 million senior secured term loan to support the acquisition of HeathCo by Transom Capital Group. HeathCo will operate as a standalone entity and focus on existing and planned corporate initiatives to expand on its position as the market leader in the motion-activated lighting and door chime space.
LBC Credit Partners served as sole lender for the senior secured term loan.
Bowling Green, KY-based HeathCo manufactures and markets electrical products, door chimes, motion-activated lighting and lighting controls.
Los Angeles-based Transom Capital is a private equity firm with an operational focus to private equity investing in the middle market.