Pilot Wave, a technology-focused acquisition and growth firm, closed on an increase of its existing $6 million credit facility with Aequum Capital to $15 million. The upsize aims to increase Pilot Wave’s borrowing capacity across additional portfolio companies.
“We are excited to expand our credit facility with Aequum,” Arik Oganesian, head of e-commerce at Pilot Wave, said. “Aequum’s continued support of the Pilot Wave team will allow us to further our acquisition strategy and accelerate growth.”
“Upsizing the asset-based credit facility is a natural next step to grow our partnership with the Pilot Wave team,” Eric Weisheit of Aequum Capital said. “We have the utmost confidence in Pilot Wave’s ownership and management team and their ability to navigate the dynamic landscape of e-commerce. We look forward to continuing to support their acquisition strategy.”
