LBC Credit Partners provided a credit facility to support Wynnchurch Capital’s buyout of Hugo, Minnesota-based Northern Wholesale Supply Inc, a provider of RV and marine parts and accessories. No financial terms were disclosed.
LBC Credit Partners provided a senior secured credit facility to support the acquisition of Northern Wholesale Supply, Inc. (“NWS” or the “Company”) by Wynnchurch Capital, LLC (“Wynnchurch”).
Founded in 1984, NWS is a leading provider of RV and marine parts and accessories, selling over 30,000 products to hundreds of customers throughout the United States. The Company also maintains a proprietary products division (primarily comprised of its Extreme Max® product line) to address unmet customer demand. NWS is headquartered in Hugo, Minnesota.
Wynnchurch, headquartered in the Chicago suburb of Rosemont, Illinois, with offices in California and Canada, was founded in 1999, and is a leading middle-market private equity investment firm. Wynnchurch’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch manages a number of private equity funds with $4.2 billion of committed capital under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs and restructurings.
LBC served as Agent and Sole Lender for the senior secured credit facility.