Huntington Business Credit closed a $12 million new credit facility with Local Crafts Group LLC on April 4, 2025. Local Crafts Group LLC is a portfolio company of Cleveland, Ohio headquartered private equity firm, Blue Point Capital Partners.
Proceeds of the facility were used to finance an add-on acquisition and provide ongoing working capital financing.
Local Crafts Group LLC, headquartered in Murray, Utah, is an online distributor and wholesaler in the crafts industry specializing in yarn and quilting.