Gibraltar Equipment Finance closed a $4 million equipment financing transaction to support a sponsor-backed specialty pet food manufacturer.
The manufacturer produces pet foods made from natural, raw ingredients and prepared in a way that simulates what an animal would experience in the wild. The company sells its products globally online and through a network of retail stores. It will use proceeds from the facility to support its capital expenditure plans in 2023, as well as anticipated growth from new distribution relationships and continued innovation. Additionally, this transaction included a sale-leaseback component at close, a tool employed by Gibraltar Equipment Finance to unlock value from current manufacturing equipment while facilitating future capital expenditures.
“Our experience was very smooth and we achieved the goals we set out to accomplish together,” the CEO of the pet food manufacturer, said. “Jeff [Pfeffer] and his team were direct, prompt and professional. The transparency we experienced throughout the process allowed us to address any challenges that arose.”
“At GEF, we take pride in contributing to the advancement of companies we wholeheartedly endorse,” Pfeffer, President of Gibraltar Equipment Finance, said. “It is satisfying to support the growth of a business where ownership and management live the mission and values to deliver high quality, healthy products to pets and pet parents.”
