Gibraltar Business Capital recently closed a $1.5 million line of credit facility for Lehr Holdings. Located in Stanley, North Carolina, Lehr Holdings is a leading manufacturer of propane-powered products addressing the marine, lawn & garden and industrial floor care markets.
Gibraltar worked with Lehr’s management and its financial sponsor to refinance an existing facility and provide additional working capital flexibility moving forward. With the additional liquidity and flexibility provided by Gibraltar’s facility, Lehr Holdings is in a stronger position to execute on its current growth and operational enhancement initiatives.