Gibraltar Backs Revolution Foods with $20MM
October 17, 2023
Source: Gibraltar Business Capital (GBC)
Gibraltar Business Capital (GBC) is pleased to announce the closing of a $20MM senior secured credit facility in support of Revolution Foods. The facility will provide additional liquidity for the continued development of the company’s vision.
California-based Revolution Foods prepares and delivers nutritious, fresh meal solutions for schools and communities addressing food insecurity and childhood nutrition. With this new Gibraltar facility, Revolution Foods is well-prepared to reach its business, social, and community goals.
In working closely with the company’s leadership team, the Gibraltar team proved uniquely able to understand the leadership’s vision and identify areas to support the working capital needs associated with the business's growth objectives.
Chris Abbott, Revolution Foods CFO, said, “We are very pleased with how Gibraltar worked with our team to develop a solution that fits our business’ unique needs. This facility helps support our mission and strategic objectives and provides strong liquidity throughout the year.”
“Their team was instrumental in executing a well-defined strategy to gain market share in California,” said Scott Winicour, CEO of Gibraltar Business Capital. “Gibraltar is proud to be a trusted partner of Revolution Foods, helping them with the necessary capital to scale their mission of providing healthful solutions to food insecurity.”
About Gibraltar Business Capital:
Chicago-based Gibraltar Business Capital is a well-capitalized specialty finance company delivering working capital in the form of asset-based loans from $5 to $100 million. Gibraltar is an expert financial partner providing mid-market companies nationwide access to capital when needed most to solve challenges or fuel growth at any stage of the business lifecycle. With more than 70 years of experience, Gibraltar's team is trained to listen, think differently, and take unique circumstances into account. Gibraltar Business Capital is a portfolio company of multi-billion dollar specialty finance company Hercules Capital, Inc. (NYSE: HTGC). For more information, visit www.gibraltarbc.com.
California-based Revolution Foods prepares and delivers nutritious, fresh meal solutions for schools and communities addressing food insecurity and childhood nutrition. With this new Gibraltar facility, Revolution Foods is well-prepared to reach its business, social, and community goals.
In working closely with the company’s leadership team, the Gibraltar team proved uniquely able to understand the leadership’s vision and identify areas to support the working capital needs associated with the business's growth objectives.
Chris Abbott, Revolution Foods CFO, said, “We are very pleased with how Gibraltar worked with our team to develop a solution that fits our business’ unique needs. This facility helps support our mission and strategic objectives and provides strong liquidity throughout the year.”
“Their team was instrumental in executing a well-defined strategy to gain market share in California,” said Scott Winicour, CEO of Gibraltar Business Capital. “Gibraltar is proud to be a trusted partner of Revolution Foods, helping them with the necessary capital to scale their mission of providing healthful solutions to food insecurity.”
About Gibraltar Business Capital:
Chicago-based Gibraltar Business Capital is a well-capitalized specialty finance company delivering working capital in the form of asset-based loans from $5 to $100 million. Gibraltar is an expert financial partner providing mid-market companies nationwide access to capital when needed most to solve challenges or fuel growth at any stage of the business lifecycle. With more than 70 years of experience, Gibraltar's team is trained to listen, think differently, and take unique circumstances into account. Gibraltar Business Capital is a portfolio company of multi-billion dollar specialty finance company Hercules Capital, Inc. (NYSE: HTGC). For more information, visit www.gibraltarbc.com.
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