ActivStyle, a portfolio company of The Riverside Company, has secured a credit facility from Garrison Investment Group. No financial terms were disclosed. Based in Minneapolis, ActivStyle is a provider of incontinence products.
Garrison Investment Group LP announced the funding of a senior credit facility, comprised of a first lien term loan and a revolving credit facility, to ActivStyle, Inc. (“ActivStyle”). Proceeds from the transaction were used to refinance existing indebtedness and provide additional capital for growth. Garrison Loan Agency Services served as administrative agent on the transaction.
ActivStyle is a portfolio company of The Riverside Company, a leading middle market private equity firm.
ActivStyle, Inc., based in Minneapolis, MN, is the leading national distributor of incontinence products to Medicaid-eligible patients in the United States. In addition to incontinence products, ActivStyle also distributes urological products, enteral products, ostomy supplies, wound care supplies, and limited types of durable medical equipment.
About Garrison Investment Group: Garrison Investment Group LP and its affiliates (“Garrison”) is an alternative investment and asset management firm founded in March 2007 and headquartered in New York. Garrison focuses on deploying capital across its corporate finance, real estate, consumer finance and structured credit investment strategies.
Garrison Corporate Finance provides credit solutions to underserved middle market and lower middle market companies across a broad range of industries that are primarily based in the United States. For more information about Garrison Investment Group, please visit: http://www.garrisoninv.com