Gibraltar Brings Stability and Flexibility to $15MM Acquisition Financing

Fluctuating economic conditions, coupled with managing multiple remote teams to secure financing for a major acquisition isn’t a scenario every finance provider is equipped to handle.

Kinzie Capital Partners, a Chicago-based private equity group approached Gibraltar to find a financing source for the acquisition of Chelsea Lighting, a well-known New York City-based lighting technologies and procurement specialist that has worked with prominent Fortune-500 companies.

Suzanne Yoon, Founding and Managing Partner at Kinzie Capital Partners, shared, “The level of engagement from Gibraltar’s senior leadership was pivotal in getting this deal done. The entire Gibraltar team was responsive, thoughtful, and creative in addressing obstacles, which helped us to hit the target close date. We are grateful for Gibraltar’s partnership on this transaction.”

Gibraltar prides itself on offering greater liquidity and flexibility than traditional commercial bank loans. This was the experience GBC’s leadership provided to the private equity group acquiring Chelsea Lighting NYC. After benefitting from the team’s borrowing base creativity and a willingness to offer a non-traditional ABL, Kinzie Capital Partners was able to secure financing through GBC’s $15,000,000 credit facility for the acquisition.

For more information on Gibraltar’s working capital solutions and financing success stories, visit www.gibraltarbc.com.