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Gibraltar Equipment Finance Provides $4MM to Sponsor-Backed Pet Food Manufacturer

August 30, 2023, 07:27 AM

Gibraltar Equipment Finance (GEF) closed a $4 million equipment financing transaction in support of a sponsor-backed specialty pet food manufacturer.
The Company is a manufacturer of high-quality pet foods made from natural, raw ingredients and prepared in a way that simulates what an animal would experience in the wild. The Company sells its products globally online and through a vast network of retail stores.

Proceeds from this facility will be used to support the Company’s capex plans in 2023, anticipated growth from new distribution relationships, and continued innovation. Additionally, this transaction included a sale-leaseback component at close -- a strategic tool employed by GEF to unlock value from current manufacturing equipment while facilitating future capital expenditures.

Reflecting on the financing process, the Company’s CEO shared, “Our experience was very smooth, and we achieved the goals we set out to accomplish together. Jeff and his team were direct, prompt, and professional. The transparency we experienced throughout the process allowed us to address any challenges that arose.”

In a world where pets are not just companions but cherished family members, the importance of high-quality pet food, especially for pets with health issues, cannot be overlooked. As the Company has expanded and evolved over time, the leadership at GEF has played a significant role along the way.

“At GEF, we take pride in contributing to the advancement of companies we wholeheartedly endorse. It is satisfying to support the growth of a business where ownership and management live the mission and values to deliver high quality, healthy products to pets and pet parents,” said Jeff Pfeffer, GEF President.

Launched earlier this year, Gibraltar Equipment Finance (GEF) provides machinery and equipment loans and leases from $1 to $20 million to support middle-market company growth and special situations. GEF is led by an executive team with over 100 years of collective experience.

For more equipment finance industry news, visit Equipment Finance Advisor.

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