Northpoint Commercial Finance provided a $9.5 million senior secured revolving line of credit to support the acquisition of a food processor and distributor by a lower middle-market focused private equity firm.

The Mid-Atlantic-based Company sells to the retail, foodservice, and industrial markets and is a leader in its specialty food segment. The private equity fund invests in lower middle-market food and beverage companies, including manufacturers, marketers, and distributors. Together, the companies will explore opportunities for acquisitions, new service offerings, and industry partnerships.

"Northpoint is pleased to offer borrowers and sponsors certainty to close, flexible capital structures and ease of execution," said Robert Wagner, Northpoint's Head of Asset-Based Lending. "We understand the dynamics of the food and beverage industry and are committed to helping management teams and their sponsors access the working capital they need to grow."

The Northpoint ABL origination team included Robert Wagner, Business Development Officer Robert Parks, and Underwriting Manager Elliot Temple.