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Lighthouse Financial Provides $2.5MM for Acquisition of NY Distributor

July 29, 2015, 07:01 AM
Filed Under: Distribution

Lighthouse Financial Corp. announced today that it has provided a $2.5 million revolving line of credit to support the acquisition of a New York-based distributor of plumbing and HVAC equipment and supplies by a Tennessee-based private equity firm.  The line will be further used to support the working capital needs of the company.  Founded in 1964, the company services customers on Long Island, in Westchester County, and in all boroughs of New York City with the exception of Staten Island.  It is the goal of the private equity firm with the assistance of current management to grow the business with add on acquisitions.
Lighthouse Financial Corp. is a commercial finance company that provides accounts receivable, inventory, and equipment financing to small to midsized  businesses with loans between $500,000 and $4 million.

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