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Great Rock Capital Closes $9MM Deal with Wood-Mode Inc.

April 27, 2017, 07:10 AM
Filed Under: Manufacturing

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, announced the close of a $9 million senior secured loan with Wood-Mode, a manufacturer of high-end custom-crafted cabinetry.

"Wood-Mode quality is the benchmark for the cabinetry industry and is synonymous with exceptional American craftsmanship,” said Stuart Armstrong, CEO of Great Rock Capital. "The company has been owned by the Gronlund family for generations and we are proud to be chosen as their financing partner as they continue to expand their business."

The deal enables Wood-Mode to meet growing client demand and better serve the custom cabinetry market in homes across the United States. The company will continue to market and sell its products under the Wood-Mode and Brookhaven brand names. Core to Wood-Mode’s heritage and mission, all products will continue to be made in the USA.

"Great Rock Capital provided us with increased liquidity in a highly flexible facility that helped solve our financing needs. Our team was impressed with their ability to execute and close the financing quickly to meet our accelerated timetable,” said Jeff Jones, Chief Financial Officer of Wood-Mode.

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