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Stellus Capital Management Supports Summit Park’s Acquisition of Fast Growing Trees

February 22, 2018, 07:08 AM
Filed Under: Forest Products

Stellus Capital Management, LLC announced that its affiliates provided a senior credit facility and equity co-investment in support of Summit Park's acquisition of Fast Growing Trees, LLC (FGT).

Based in Fort Mill, South Carolina, FGT offers consumers a broad variety of high-quality trees and shrubs through its websites and The Company provides customers with a best-in-class e-commerce experience and access to over 900 products that are available for on-demand delivery, typically within two days of placing an order. FGT sources its products from a geographically diverse network of trusted suppliers and has built a reputation for offering high quality products and superior customer service.

Michael York, a Principal of Summit Park, said, "We are excited to partner with the Stellus team on another transaction.  We appreciated the flexibility of Stellus' unitranche proposal and an efficient deal execution.  We look towards continuing to work with the FGT management team to build upon the tremendous historical success of the company. We believe FGT is poised to capitalize on its leading position within an attractive and growing segment of the e-commerce market."

Gavin Roseman, Managing Director at Stellus added, "We believe FGT is well positioned to capture additional share in this growing market due to their unrivaled sourcing and search engine optimization capabilities.  We appreciate the opportunity to partner with Summit Park on this transaction and build upon our longstanding relationship."

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