White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors, provided a $4 million factoring facility to Buzzbox Premium Cocktails, Inc., a vertically-integrated manufacturer of premium, ready-to-drink cocktails.
Headquartered in Indio, California, Buzzbox produces, packages and distributes its own branded cocktails while also serving private label and contract packaging customers, selling through multiple channels including major U.S. distributors and private label partnerships.
The facility will serve as working capital to scale up production, expand distribution with major U.S. distributors, and enter international markets, including Mexico and Europe.
“We’re excited to partner with Buzzbox to help them capitalize on strong market momentum and accelerate expansion in North America and beyond,” said Tom Otte, CEO at White Oak Commercial Finance. “WOCF’s flexible financing solutions are designed to meet the needs of high-growth companies like Buzzbox and support their long-term success.”
This transaction follows a recent $20 million ABL Revolver Facility to Lulu’s Fashion Lounge.