Palm Tree Securities served as the exclusive financial advisor to Sun Mountain Sports, a portfolio company of Solace Capital Partners, in connection with securing a new cash-flow term loan and revolving line of credit provided by Sagard and JPMorgan Chase, respectively.
Palm Tree advised Sun Mountain throughout the transaction, providing capital advisory and execution support, including lender positioning, process management and transaction execution. The new partnerships offer Sun Mountain financial resources to fund ongoing growth initiatives.
“We are excited for our future and look forward to a strong collaboration with Sagard and JPM as we invest behind product innovation, expand our commercial reach and support long-term value creation,” Grant Knudson, CEO of Sun Mountain Sports, said.
“This financing represents an important milestone for Sun Mountain and provides capital structure flexibility to support the company’s strategic priorities,” Brett Wyard, managing partner at Solace, said. “We appreciate the continued partnership with Palm Tree and disciplined execution throughout the process.”
Stephen Rossi, senior managing director at Palm Tree Securities, added, “Sun Mountain is a premier brand with a differentiated product portfolio and a reputation for innovation and quality. We are proud to have advised Sun Mountain and Solace on this outcome which positions the business with a scalable financing solution for its next phase of growth.”
