Incline Equity Partners has partnered with management to recapitalize Wholesale Supplies Plus. Twin Brook Capital Partners, a subsidiary of Angelo Gordon, served as administrative agent for debt financing to support the transaction.
WSP is a value-added distributor of raw materials, supplies and packaging used in the production of soap, lotion, cosmetics and candles as well as other personal care products by professional crafters.
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Debbie May, Founder and CEO of WSP, said, “We are absolutely thrilled to partner with Incline. This investment will help to accelerate our growth and increase our ability to bring customers the very best products. The handmade industry continues to mature and gaining access to new resources enables us to fulfill our mission of helping our customers succeed.”
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“WSP has an exceptional value proposition and is a critical partner to the small and emerging businesses it supplies,” said Evan Weinstein, Partner with Incline. “We are excited to work with Debbie and the team on new growth initiatives that will better the experience for existing and new customers, including capacity expansion, introducing new products and pursuing acquisitions.”
