Tiger Finance and Merchant Financial Group are partnering to provide $38 million in growth capital to Alpha 6 Distributions, creator of the Arctix winter apparel brand.
As the primary lender to Alpha 6, Merchant Financial Group tapped Tiger Finance to provide an additional $15.2 million in growth capital for the manufacturer, based in Locust Valley, NY. Tiger’s contribution brings the total credit facility to $38 million.
Tiger Group and Merchant Financial Group are long-term strategic partners, having collaborated on multiple retail and wholesale asset advisory projects, valuations and financings.
“At Merchant Financial, we’re committed to providing forward-thinking financial services that propel business growth,” Doreen Driscoll, senior vice president and team leader at Merchant Financial Group, said. “Tiger Finance shares that commitment and has an impressive track record of working with borrowers in the omni-channel and ecommerce space.”
“We are excited to partner with Merchants in providing capital to this growing operation,” Bob DeAngelis, executive managing director of Tiger Finance, said.. “By expanding this credit facility, the two firms are empowering Arctix to seize additional market opportunities.”
“For 20 years, Arctix has been protecting millions from the cold and the wet, the snow and the wind — on the slopes, in the backyard and at their jobs,” Matthew J. Bruderman, principal of Alpha 6/Arctix, said. “Tested, trusted and loved by millions, Arctix boasts 150,000 five-star reviews and counting. I’m extremely excited to explore the new terrain ahead as this dynamic brand continues to grow.”
