Gerber Finance closed a $7.5 million line of credit for Pact, a maker of sustainable, certified organic cotton clothing. Gerber Finance closed the deal under its Naturally Gerber division, which works with companies within the natural products space, from clean label, organic and non-GMO products to sustainable design and packaging.
Pact makes clothing and linens from certified organic cotton and partners with fair trade certified factories to ensure care for both people and the planet. The company’s product line includes clothing for women, men, babies and kids as well as bath towels and bedding. The $7.5 million in funding from Gerber Finance will aid in supporting Pact’s inventory growth, new marketing initiatives and investment into new channels of distribution.
“Thanks to the introduction by our private equity sponsor, Sunrise Strategic Partners, we realized very quickly that Gerber Finance was a perfect match in more ways than one,” Drew Cook, CFO of Pact, said. “Everyone we’ve met at Gerber Finance believes in our business model, understands ecommerce and values the aspects of our brand that make us unique. This played out with a flexible, well-structured piece of debt that can grow with us and provides the funding needed for us to continue our profitable growth without diluting existing shareholders.”
“We truly believe in Pact’s mission, values and dedication to sustainability,” Jennifer Palmer, CEO of Gerber Finance, said. “Through our Naturally Gerber Finance division, we are committed to supporting natural brands that have a positive impact on the health of people and the planet, and we couldn’t be more excited to see Pact grow and expand in a highly competitive industry.”
