FGI Finance Supports LTP Sports Group with $65MM ABL Facility

LTP Sports Group Inc. (LTP) is Canada’s largest and most experienced wholesale distributor of premium bikes, parts and accessories. For more than 60 years, LTP has excelled in delivering premium brands, including SRAM, Wahoo, Bosch, Park Tool, RockShox, Yakima, Kryptonite, Maxxis, and Axiom. 

LTP also sells its Norco bike brand directly to independent specialty dealers across Canada, the United States and Australia, while using a distribution model in other global markets.

Headquartered in Port Coquitlam, British Columbia, with distribution centers in Port Coquitlam and Toronto, LTP is committed to supporting the biking community by supplying bikes, parts, and accessories through independent specialty bicycle dealers who share the company’s high standards for quality and customer service.

LTP sought a finance partner that shares its commitment to genuine partnerships and could provide an asset-based facility to support its growth goals. FGI worked closely with LTP and BMO to deliver a $65MM revolver that will enable the continued growth of LTP’s Norco business in Canada and globally.