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Ares Commercial Finance Provides $32MM Credit Facility to Confluence Outdoor

May 15, 2019, 09:00 AM
Filed Under: Sports

Ares Commercial Finance announced that it has provided a $32 million senior secured revolving line of credit to Confluence Outdoor, LLC.  The proceeds of the transaction will be used to refinance the company’s existing debt and to provide ongoing working capital to support the company’s growth.

Confluence Outdoor is a portfolio of seven premier watersport brands including Wilderness Systems®, Perception® kayaks, Dagger®, Mad River Canoe®, Adventure Technology® paddles, Harmony® Gear accessories, and Boardworks Surf®. With a full collection of kayaks, canoes, surf and stand up paddle boards, and a wide range of paddlesports accessories—ranging from touring and recreational to high-performance fishing and whitewater products, the Confluence brands cater to all levels of watersport enthusiasts. Confluence Outdoor is located in Greenville, S.C. where they are proud to manufacture all of their boats. 

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