Fifth Third Business Capital provided a $9,000,000 credit facility consisting of a revolving line of credit, term loan and capital expediture facility for a management buyout to Armored Republic Holdings.
Armored Republic Holdings manufactures body armor and related accessories primarily for direct-to-consumer use as well as select law enforcement and public safety professionals. The Company is a newly formed entity to assist the current CEO and his group of investors acquire the assets of AR500 in Phoenix, AZ from the founder.
Convergent Capital, an SBIC partner and mezzanine lender to several Fifth Third portfolio companies, assisted in the acquisition.