Salus Capital Partners, LLC, a private commercial finance and asset management company providing senior-secured asset-based loans to the middle market, celebrates its third anniversary this month.
Established in November 2011 as a subsidiary of Harbinger Group Inc., Salus was founded with the mission to provide transformational lending ideas that afford borrowers the greatest opportunity to focus on the future of their business. Since inception, Salus has provided more than $1.5 billion in loan commitments to over 55 companies in the U.S. and Canada for purposes including traditional working capital, emerging growth capital, re-capitalizations, M&A transactions, DIP financing and middle-stage turnarounds.
Salus Capital has grown from five co-founders to a team of over 45 committed and experienced professionals. Salus has also earned numerous accolades over the three years, including recognition for industry leadership, successful restructurings and reorganizations, notable consumer, retail, and manufacturing financings, and distinguished M&A transactions.
“I am incredibly proud of the inspired alternative to traditional asset-based lending we’ve created at Salus,” said Andrew H. Moser, Co-Founder, President and CEO at Salus Capital. “Borrowers want viable solutions offering increased liquidity and timely access to decision makers. We’ve redefined the lending relationship through our Listen, Learn, Lend™ philosophy, which ensures Salus and borrowers have aligned interests and are vested in each other’s long term success.”
“We see a progressively developing pipeline of opportunities, from healthy companies seeking growth capital to distressed companies in turnaround situations,” said Marc S. Price, Co-Founder, Executive Vice President, Loan Originations and Corporate Strategy at Salus Capital. “Our entrepreneurial platform, coupled with a leadership team that has worked together for almost 25 years, provides prudent and consistent decision-making that we believe has Salus well positioned for years ahead.”
Market conditions and regulatory developments, such as the implementation of Basel III, will also continue to increase the opportunity for non-bank lenders to fill the financing void created by the ever-growing dislocation of capital across the market.
“With multiple sources of strategic investor capital in place to provide long-term scalability, the firm is well prepared to continue its growth trajectory in 2015 and beyond,” added Moser.
Salus Capital is a direct originator of secured asset-based loans to the middle market across a variety of industries with additional complementary financing throughout the capital structure. Target transaction sizes range from $5 million to $50 million, with the ability to hold up to $100 million and to syndicate larger transactions. The Salus Capital platform may also serve as an asset manager for like-minded institutional investors such as community and regional banks, insurance companies, family offices, private equity funds and hedge funds who may lack the infrastructure and dedicated competency within senior secured lending.