Tree Line Capital Partners served as sole lender for a first lien credit facility to support the acquisition of Dash Medical Gloves, Inc. by a group of private investors. Tree Line provided a revolver, term loan and equity co-investment to support the transaction. The Private Sponsor is comprised of private equity and safety products industry executives with a long-term track record of successful investing in the personal protective equipment space.
For over 30 years, Dash has served as a trusted supplier of high quality, disposable latex and synthetic exam gloves, for the dental, medical, and industrial markets. Dash provides its customers with high quality, competitively priced disposable gloves and outstanding customer service.
Frank Cupido, Partner of Tree Line added, “This transaction is a great example of our creative and comprehensive approach to financing needs of lower middle market sponsors and borrowers. We were able to tailor a unique structure involving acquisition financing, post-close working capital support and equity alignment to address all of the Private Sponsor’s transaction needs. Dash has a longstanding track record of excellence in the personal protective equipment space, and we’re excited to partner with the Dash team in their next phase of growth.”