FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
 
Skip Navigation LinksHome / News / Read News

Print

Gibraltar Partners with Sponsor-backed Manufacturer of Propane-Powered Products

August 10, 2018, 08:00 AM
Filed Under: Manufacturing

Gibraltar Business Capital recently closed a $1.5 million line of credit facility for Lehr Holdings. Located in Stanley, North Carolina, Lehr Holdings is a leading manufacturer of propane-powered products addressing the marine, lawn & garden and industrial floor care markets.
 
Gibraltar worked with Lehr’s management and its financial sponsor to refinance an existing facility and provide additional working capital flexibility moving forward. With the additional liquidity and flexibility provided by Gibraltar’s facility, Lehr Holdings is in a stronger position to execute on its current growth and operational enhancement initiatives.








Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.