Wingspire Capital is pleased to provide a $32.5 million revolving line of credit to Northern Wholesale Supply, LLC, which is a leading distributor of marine and recreational vehicle after-market parts and accessories.
Proceeds were used to facilitate the acquisition of Northern Wholesale Supply by Sun Capital Partners, Inc., a private equity firm based in Los Angeles.
Founded in 1984, Northern Wholesale Supply distributes more than 30,000 parts and accessories such as boat lifts, dock bumpers, fishing rod holders, fuel pumps and water pumps, seats and cushions, awnings, roof racks, appliances, toilets, and a wide range of other items through major e-commerce sites, marinas, RV dealerships, and other stores. Northern Wholesale Supply also owns its own proprietary products under brands such as Boat Lift Boss, Extreme Max, and Ultra Legs to meet customer demand.
“Wingspire Capital enjoyed working with Sun Capital and the management team at Northern Wholesale to facilitate the acquisition,” said Ryan Jones, Managing Director at Wingspire Capital.
