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Gibraltar Equipment Finance Delivers $3.5MM in Growth Capital to Nut Products Company

November 29, 2023, 07:15 AM

Gibraltar Equipment Finance (GEF) announced the successful closing of a $3.5 million equipment finance transaction in support of a full-service nut and nut products company (the Company). The facility will provide growth capital to further production capacity growth and the acquisition of food processing, packaging, and related production equipment.

Initially founded as a nut marketing company, the Company has expanded into nut processing, milling, and packaging as the nut products category has experienced growth. The Company now imports, processes, and distributes nut products globally to retailers, consumer brands, and manufacturers. This includes packing major brands, private labels, and proprietary products. The growth capital facility will allow the company to keep up with the growing demand for sustainable, innovative, high-quality nut products.

Since nuts and nut products are popular as a nutrient-dense, healthy snack option, consumer demand for innovative flavors and combinations drives unique blends, flavors, and packaging needs across the category. To keep pace with category growth and diverse consumer preferences, the Company searched for an equipment finance partner that could deliver 100 percent financing solutions that were not disruptive to its current senior and mezzanine debt arrangements.

“We are pleased to establish a growth capital facility for the Company that creatively meets its needs while preserving existing financing relationships to maximize the Company’s growth potential,” said Jeff Pfeffer, President of GEF. “As a non-bank, independent financing company, we can often unlock creative capital solutions unavailable in traditional markets.”

Launched earlier this year, Gibraltar Equipment Finance provides machinery and equipment loans and leases from $1 million to $20 million to support middle-market company growth and special situations. GEF is led by an executive team with over 100 years of collective experience and is an affiliate of Gibraltar Business Capital.

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