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Salus Capital Partners, Xenith Provide Football Helmets to Local High School

January 24, 2013, 07:40 AM
Filed Under: Industry News

Salus Capital Partners has teamed up with local helmet manufacturer, Xenith, LLC, to donate 55 Xenith Football Helmets to the Needham High School Athletic program. The donation serves to promote safety in athletics and to reduce the risk of head and other sports-related injuries within the NHS football program, as well as to raise awareness of safety in youth sports.

“The Needham High School Athletic Department and the NHS Football Program would like to thank Salus Capital Partners, in conjunction with Xenith Helmets, for their generous donation and for their commitment to the health and well-being of youth athletes,” said Micah Hauben, CAA, Director of Athletics, Needham Public Schools.

In November 2012, Salus Capital provided a senior-secured working capital facility to Xenith. Based in Lowell, Massachusetts, Xenith was founded to advance safety, activity, and health by providing both innovation and education in sports equipment. Xenith’s renowned Adaptive Head Protection is a system of integrated technologies designed to reduce the sudden movement of the head during impact. Xenith helmets have been worn by thousands of athletes from the youth level to NFL.

“Xenith and Needham High School have had a great relationship and we are pleased to partner with Salus Capital Partners to further foster youth football participation and promote safety in our local community,” said Chuck Huggins, chief financial officer, Xenith, LLC.

“Xenith was our first loan funding in Massachusetts. As partners and employees of Salus Capital, we are deeply committed to giving back to the communities in which we work and live and as avid fans of youth sports, we remain keenly aware of sports-related head injuries as a concern in today’s youth and professional athletics. Not only does Xenith produce head protection, their ‘Enlightened Warrior’ program further educates kids about sports safety and helps to create awareness for all of us,” said Andrew H. Moser, president of Salus Capital Partners, LLC.

Salus Capital is a provider of senior secured asset-based loans to the small and middle-market across a variety of industries with additional complementary financing throughout the capital structure.

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