Wingspire Capital provided a $25 million revolver to Aftermarket Performance Group (“APG”), a leading vertically integrated wholesale distributor, e-tailer, and manufacturer for performance aftermarket parts and accessories for enthusiasts in the compact performance, Jeep, off-road, and pickup truck markets and includes top brands of Northridge 4x4, Stage 3 Motorsports, PRL Motorsports, Adams Driveshaft and Rallysport Direct.
Proceeds were used to refinance a previous credit facility with a bank, and provide additional flexibility and liquidity for APG.
“We are pleased to provide a credit facility that gives APG the liquidity needed to meet their evolving needs and empower the business to perform,” said Ryan Jones, Managing Director at Wingspire Capital.
APG is a portfolio company of Monroe Capital.