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Gibraltar Provides $8MM in Growth Capital to Sports Equipment Company

November 26, 2019, 08:55 AM
Filed Under: Sports
Related: Gibraltar

Recently, a turnaround consultant brought Gibraltar together with their client, an industry-leading retailer/e-tailer of new and preowned golf equipment, shoes, apparel and accessories. The company had been in business selling sports equipment to consumers through its multiple ecommerce sites.

In spite of a good track record of sales, the company had run into temporary setbacks in business performance. In addition to seasonality associated with its product mix, declining margins on discontinued products and shifts in product demand required the company to make changes to its product mix strategy. 

Gibraltar doesn’t look solely at current performance blips. Gibraltar’s team has a long history of working effectively with seasonal businesses and special situations. What they saw in this case was a company with a solid strategy for moving forward. Gibraltar closed an $8.0 million line of credit with the company that allowed them to refinance their current lender.

Gibraltar offers credit facility capacity between $2 million and $20 million to serve mid-market businesses and their unique needs. Check out the quality of our leadership and read case studies of some of the more than 200 companies Gibraltar has helped so far.

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