White Oak Global Advisors provided a $40 million term loan to Solace Capital Partners to support its acquisition of Sun Mountain Sports. In addition, White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $10 million ABL credit revolver to help meet Sun Mountain Sports’ ongoing working capital needs.
Solace Capital Partners is a Los Angeles-based private equity firm providing debt and equity solutions to lower middle-market businesses.
Founded in 1981, Sun Mountain Sports is a manufacturer of golf equipment based in Missoula, MT.
“We’re proud to support the acquisition of this venerable company, and it was a pleasure working with the management team at Solace Capital Partners to develop a custom solution to meet the company’s near- and long-term growth objectives,” Mark Pilja, vice president of White Oak, said.
