Huntington Business Credit closed $16 million in new credit facilities with Stansport on March 31. Stansport used proceeds of the facility to provide acquisition financing and to provide ongoing working capital growth financing.
Stansport, headquartered in Los Angeles, is a supplier of branded and private label camping, hiking, outdoor, survival, emergency prep gear and child play tents primarily to retailers.
Stansport is a portfolio company of HNB Capital, a family private equity office located in Los Angeles.
