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Gibraltar Business Capital Structures $35MM Funding for Acquisition of American Furniture Manufacturing by SouthWorth Capital Management
April 3, 2026
Source: Gibraltar Business Capital (GBC)
Northbrook, IL – April 3, 2026. Gibraltar Business Capital (GBC) has finalized a $35MM senior secured facility for American Furniture Manufacturing (AFM) in support of the company’s acquisition by SouthWorth Capital Management (SCM). Founded in 1998 and headquartered in Ecru, MS, AFM is an assembler of upholstered furniture for sales to big box and independent furniture retailers and wholesalers.
The new funding comes as AFM and its divisions (Peak Living, Inc., Independent Furniture Supply, Delta Furniture, Southern Fibers, and Alpha Logistics, LLC) are added to the SCM portfolio of companies. The new facility will support investment and technology upgrades to streamline supply chain capabilities and operations across the AFM umbrella, as well as aid integrations with other SCM companies to achieve efficiency gains.
“Part of AFM’s value proposition is our vertical integration, with each division working together as part of a single, cohesive supply chain,” said Matt Clayton, COO of American Furniture Manufacturing. “Now, as we become part of SCM, the potential efficiency gains from integration are magnified. The GBC team immediately understood the opportunity that gives – and the complexity it brings – largely because of their previous M&A experience.”
Jeff Presley, Founder and Principal of SouthWorth Capital Management, echoed the sentiment, “SCM is consistently engaged in M&A activity, and as a family office with deep financial services experience, we are very deliberate about our capital partners. The GBC team was well prepared from the start, quickly understood the deal dynamics, and had the flexibility needed to support us throughout the acquisition and beyond.”
That partnership-driven lending approach enables GBC to deliver custom facilities designed to support both immediate deal-based financing needs and long-term growth capital requirements.
“Gibraltar's team has supported countless M&A transactions over the years, building a depth of experience that's hard to replicate,” said Scott Winicour, Chief Executive Officer at Gibraltar Business Capital. “I’m proud that my team’s expertise in M&A is reflected in our approach, our execution, and the outcomes we help our clients achieve.”
About Gibraltar Business Capital
Chicago-based Gibraltar Business Capital is a specialty finance company that delivers working capital in the form of asset-based loans ranging from $10 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 over 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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