eCapital Funds $5MM ABL Revolver for Leading Fiberglass Company Amid Ownership Change

May, 2024

The Southeastern U.S. manufacturer, a dominant player in its industry for over 30 years with a global reach, operated under the backing of a financial sponsor. As the company’s ownership structure transitioned to a new sponsor, it proactively sought financing to ensure seamless operations during this change of control.

The sponsor and manufacturer were impressed by eCapital’s innovative approach, the speed of its funding process, and the team’s deep industry expertise. This positive experience led to a swift partnership agreement. eCapital provided a customized asset-based lending solution tailored to the manufacturer’s specific needs. This solution offered flexibility in its terms, minimized restrictive covenants, and the potential to support future growth initiatives. eCapital’s thorough understanding of the manufacturer’s industry and their experience navigating ownership transitions allowed them to deliver vital financial support at a pivotal moment for the company.

Brian Cuttic, CEO, ABL at eCapital, noted, “This transaction demonstrates our team’s commitment to understanding clients’ industries and building trust, crucial in complex transactions like ownership changes. The client’s confidence in our ability to deliver was strengthened by the outstanding performance of our portfolio team, emphasizing the significance of our expertise in delivering tailored financial solutions. We take pride in offering tangible support when it’s needed most, reinforcing our reputation for reliability and excellence in the industry.”