ALPHARETTA, GA, February 08, 2022 — Northpoint Commercial Finance (“Northpoint”), a North American diversified financial services company, provided a $9.5 million senior secured revolving line of credit to support the acquisition of a food processor and distributor (the “Company”) by a lower middle-market focused private equity firm.
The Mid-Atlantic-based Company sells to the retail, foodservice, and industrial markets and is a leader in its specialty food segment. The private equity fund invests in lower middle-market food and beverage companies, including manufacturers, marketers, and distributors. Together, the companies will explore opportunities for acquisitions, new service offerings, and industry partnerships.
Northpoint Commercial Finance Asset-Based Lending delivers the confidence of execution in straightforward deals as well as complex transactions for private equity sponsors.
“Northpoint is pleased to offer borrowers and sponsors certainty to close, flexible capital structures and ease of execution,” said Robert Wagner, Northpoint’s Head of Asset-Based Lending. “We understand the dynamics of the food and beverage industry and are committed to helping management teams and their sponsors access the working capital they need to grow.”
The Northpoint ABL origination team included Robert Wagner, Business Development Officer Robert Parks, and Underwriting Manager Elliot Temple.
About Northpoint Commercial Finance
Northpoint Commercial Finance, with offices in Alpharetta, GA, and Burlington, ON, combines experience with advanced technologies, fresh ideas, streamlined processes, and a customer focus formed specifically for each business’ financing needs and goals. Northpoint’s Inventory Finance solutions drive sales, enhance cash flow, and improve profitability for manufacturers and dealers. Their Asset-Based Lending solutions maximize working capital, encourage growth, and enable acquisitions, debt refinancings, recapitalizations, and restructurings. More information about Northpoint and its financing solutions is available at https://northpointcf.com/asset-based-lending/.