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Bridge Bank Supports LBO of Trade Supplies by Sole Source Capital

July 31, 2018, 08:00 AM
Filed Under: Food Services

Bridge Bank announced its Corporate Banking group, which provides cash-flow senior financing for private equity sponsored lower-middle market companies, has provided senior debt financing to support the leveraged buyout of Trade Supplies, LLC by Sole Source Capital.

Trade Supplies, LLC, founded in 1975, is headquartered in Los Angeles and maintains facilities in both Southern California and the San Francisco Bay Area. They are a leading distributor of non-perishable food service disposable items, packaging solutions and janitorial supplies serving a variety of businesses including major chain restaurants, caterers, bakeries, schools, large public venues, hospitals, health care facilities, food processors, and family-owned restaurants.

"At Bridge Bank, we are committed to supporting private equity sponsors by providing flexible financing structures with speed and certainty," said Rick Lamoreux, senior vice president in Bridge Bank's Southern California Corporate Banking group. "We are pleased that we could support Sole Source Capital in their acquisition of Trade Supplies, LLC, a company that is focused on providing their customers with the highest levels of service. All of us at Bridge Bank believe what they are doing is exceptional and we look forward to their continued growth and success."

"This is the first of what we hope to be many transactions with Bridge Bank," said Scott Sussman, a partner with Sole Source Capital. "We were impressed with their flexibility and the speed in which they executed the transaction. It was a real pleasure working with the Bridge Bank team."

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