Gibraltar Business Capital closed a $27.5MM senior secured revolving credit facility for Whitmor, a designer, importer and distributor of home storage and organizational products with a global reach.
Gibraltar Business Capital closed a $20 million senior secured credit facility in support of Revolution Foods. The facility will provide additional liquidity for the continued development of the company’s vision.
Gibraltar Business Capital provided a $13 million asset-based financing facility to USAopoly, or “The Op,” to support its needs.
Gibraltar Business Capital provided a $26.4 million senior credit facility to Lion Equity Partners, a Denver-based private equity firm, to support its acquisition of Country Life, which operates a portfolio of brands in the natural supplements, sports nutrition and personal care markets.
Flux Power Holdings secured a $15 million credit facility from Gibraltar Business Capital to fund working capital and to refinance its existing credit facility with Silicon Valley Bank.
Gibraltar Business Capital hired S.N. Thomas as a senior vice president and underwriting manager. As part of his career, Thomas spent more than 20 years at Wells Fargo, primarily in the asset-based lending group.
Jim Marasco, a senior executive leader who has served on Gibraltar Business Capital’s board of directors, is joining the Gibraltar Business Capital leadership team as head of originations
Gibraltar Business Capital launched its new equipment financing business, Gibraltar Equipment Finance, which will provide equipment loans and leases from $1 million to $20 million. Jeffry S. Pfeffer will lead the new business as president.
Gibraltar Business Capital secured an increased line of credit with Bank of America, building upon the partnership first announced in May 2021.