White Oak Global Advisors provided a $40 million term loan to Solace Capital Partners to support its acquisition of Sun Mountain Sports. In addition, White Oak Commercial Finance, an affiliate of WOGA, provided a $10 million ABL credit revolver to help meet Sun Mountain’s ongoing working capital needs.
 
Solace Capital Partners is a Los Angeles-based private equity firm providing flexible debt and equity solutions for established lower middle market businesses. Solace seeks to leverage its extensive expertise to provide financial stability, lead operational improvements, and drive performance growth in its portfolio companies while generating attractive risk-adjusted returns for its investors.
 
Sun Mountain Sports is a manufacturer of golf equipment based in Missoula, Montana. Founded in 1981, the company is known for its design innovation in golf bags, push carts and performance outerwear.
 
“We’re proud to support the acquisition of this venerable company, and it was a pleasure working with the management team at Solace Capital Partners to develop a custom solution to meet the company’s near and long-term growth objectives,” said White Oak vice president Mark Pilja.