Salus Capital Partners announced it has provided a $3 million senior secured term loan to specialty hockey retailer Total Hockey. The financing will be used to provide working capital for general corporate purposes.
“Salus Capital is pleased to provide this facility to Total Hockey and assist them with their strategic growth initiatives,” said Andrew H. Moser, president of Salus Capital. “We are excited to partner with the management team as they look to enhance retail distribution into new markets and leverage the successful e-commerce platform in creating a best-in-class customer experience.”
Total Hockey is a specialty hockey equipment retailer with 21 retail locations and distribution centers in the greater Chicago, Minneapolis-St. Paul, Philadelphia, Pittsburgh, St. Louis and Washington DC metropolitan areas, as well as e-commerce operations.
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