$45 million
Apparel Manufacturing
Deals & Transactions
- $45 millionAcquisition
Apparel Manufacturing
Safariland is a leading manufacturer of protective products for local police and other protective agencies worldwide. Products include hard and soft body armor, holsters, duty gear, protective equipment and less lethal protective alternatives. Safariland sells its products under a broad spectrum of brands and maintains premier positions in its core product lines in the U.S. Products are sold to users through approximately 300 dealers, distributors and wholesalers. Headquartered in Jacksonville, Fla., the company has approximately 1,700 employees in five facilities across North America.
Bank of America Business Capital has provided financing for Safariland, LLC through a $45 million, asset-based revolving credit facility. The credit facility will support the acquisition by Kanders and Company, Inc.
- $100 millionApparel Manufacturing$100 millionRefinance
Apparel Manufacturing
As sole lender and administrative agent, Bank of America Business Capital has refinanced a $100 million asset-based credit facility for Haggar Clothing Co., Haggar Women's Wear, LTD and Haggar Direct, Inc. ("Haggar Clothing Co." or "the Company"). Proceeds will be used for general working capital purposes.
Since its beginnings in Dallas, Texas in 1926, the Haggar Clothing Co. has grown from a manufacturer of men's fine dress pants and slacks, into one of the most recognized apparel brands in the market, with Haggar® casual pants, dress pants and suit separates, offering head-to-toe clothing options for style-conscious men of all ages and professions. In addition to its Haggar brand, the company has launched the highly successful, and eco-friendly, LK Life Khaki Pant™ brand. Haggar Clothing Co today enjoys the #1 market position in men's dress pants in the United States, as well as the #2 share in men's casual pants.
- $90 millionWholesale distributor of roofing and related products$90 millionWorking Capital
Wholesale distributor of roofing and related products
Headquartered in McKinney, TX, SRS Distribution Inc. is a building products distribution holding company that operates in 80 locations in 27 states under the names: Suncoast Roofers Supply (FL), Southern Shingles (TX/OK/LA/MO/AR), SRS Roofing Supply (AL), Rowe Supply (GA/SC), Atlanta Roofing Supply (GA), Cannon Supply (SC), Midwest Roofing Supply (IL/MN), River City Wholesale (KY), Superior Distribution (TN/MD/VA/NC), Shake & Shingle Supply (CO/KS/MO/NE/IL), Stewart Building & Roofing Supply (AZ), Roofline Supply (OR/CA), Stoneway Roofing Supply (WA), Pace Supply (PA/CT), Burbank Roofing Supply Group (CA), ABCO Supply (MI), and Sierra Roofing Supply (NV). SRS is a portfolio company of AEA Investors.
Bank of America Business Capital has increased the revolving loan facility for SRS Distribution Inc. and its sponsor group, AEA Investors, LLP, from $60MM to $90MM to further support acquisitions and working capital growth. The company continues to generate strong profit and cash flow as it executes growth plans through small acquisitions and green-field start-ups.
- $125 millionLeading national supplier of rigid plastic containers$125 millionWorking Capital
Leading national supplier of rigid plastic containers
Bank of America Business Capital recently arranged and agented a $125 million senior secured, asset-based revolving credit facility for Consolidated Container Company. Consolidated Container Company (CCC), a leading developer and manufacturer of rigid plastic packaging solutions in North America, was acquired by affiliates of Bain Capital Partners LLC, a global private investment firm. As an integral part of this strategic acquisition, Consolidated Container Company and Bain Capital turned to Bank of America Merrill Lynch and its Business Capital group for financing assistance. Funds will be used for ongoing working capital needs and to help finance strategic growth opportunities for the company
Consolidated Container Company is a leading developer and manufacturer of rigid plastic packaging, serving a diverse customer base in the dairy, water, beverage, food, household chemical, automotive, and industrial chemical markets. CCC designs, produces, and delivers more than four billion bottles annually that touch the lives of millions of people each and every day. CCC owns and operates 59 manufacturing facilities across North America providing standard and custom packaging solutions to customers through an integrated network of facilities and technology platforms. From its state-of-the art Panella Engineering and Development Center to its team of manufacturing associates, CCC delivers high performance, cost-effective design solutions to meet even the most challenging container applications. For more information on Consolidated Container Company, visit www.cccllc.com.
| Company | Deal Size | Business Description | Deal Description |
| NextEra Energy | $176,700,000 $176,700,000 Subsidiary Tax Equity Partnership Investment  Wind Energy Assets | Wind Energy Assets | Subsidiary Tax Equity Partnership Investment |
| Holsten Real Estate Development Corporation | Senior Housing, LP | $21,000,000 $21,000,000 Construction financing  Chicago, Illinois | Chicago, Illinois | Construction financing |
| KEMET Corporation | $50,000,000 $50,000,000 Back-up Liquidity  Electronic capacitors manufacturerHeadquartered in Simpsonville, South Carolina, KEMET Corporation is a leading manufacturer of capacitors, an electronic component consisting of conducting materials separated by a dielectric, or insulating material, which allows a capacitor to act as a filtering or an energy storage/delivery device. The company has a total of 21 manufacturing plants located in the southeastern United States, Mexico, Europe and Asia. KEMET’s products are sold into a broad range of industries including the computer, communications, and automotive, military, consumer, industrial and aerospace. From 2006 to 2008, KEMET was impacted by challenging industry conditions which led to reduced volume and downward pricing pressure. After successful restructuring efforts coupled with an overall industry rebound, KEMET was looking for a traditional line of credit as a true backup liquidity facility. Bank of America Business Capital provided a $50 million revolving credit facility to support ongoing working capital needs. Bank of America Merrill Lynch also is providing letters of credit and treasury management products and services. | Electronic capacitors manufacturer | Back-up Liquidity |
| Fields Automotive Group | $12,000,000 $12,000,000 Franchise acquisition financing  Florida, Ilinois, Wisconsin, Canada | Florida, Ilinois, Wisconsin, Canada | Franchise acquisition financing |
| Hoover Toyota | $9,500,000 $9,500,000 Floor plan financing  Hoover, Alabama | Hoover, Alabama | Floor plan financing |
| Headquarter Honda | $15,000,000 $15,000,000 Construction financing and floor plan financing  Clermont, Florida | Clermont, Florida | Construction financing and floor plan financing |
| H&H Charters | $4,500,000 $4,500,000 Floor plan financing  Portland, Oregon | Portland, Oregon | Floor plan financing |
| Greenway Automotive Group | $8,000,000 $8,000,000 Mortgage loan financing  Orlando, Florida | Orlando, Florida | Mortgage loan financing |
| Greenway Automotive Group | $2,100,000 $2,100,000 Franchise acquisition financing Orlando, Florida | Orlando, Florida | Franchise acquisition financing |
| Frank Fletcher Kia | $3,500,000 $3,500,000 Floor plan financing  Bentonville, Arkansas | Bentonville, Arkansas | Floor plan financing |