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Garrison Funds $100MM Term Loan to Speed Commerce

November 26, 2014, 08:09 AM
Filed Under: e-Commerce

Garrison Investment Group LP announced the funding of a $100.0 million term loan credit facility to Speed Commerce, Inc. Proceeds from the transaction will be used to refinance an existing term loan facility and finance the acquisition of Fifth Gear, a single-source provider of order management, fulfillment, and customer care services. Garrison Investment Group LP acted as lead arranger and syndication agent on the transaction.

Headquartered in Dallas, Texas, Speed Commerce Inc. is a single-source provider of e-commerce service solutions to leading retailers and manufacturers.

Garrison Investment Group LP and its affiliates is an alternative investment and asset management firm founded in March 2007 and headquartered in New York. Garrison focuses on deploying capital across its corporate finance, real estate, consumer finance and structured credit investment strategies. Garrison Corporate Finance provides credit solutions to underserved middle market and lower middle-market companies across a broad range of industries that are primarily based in the United States.

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