Stellus Capital Management, LLC Provides Unitranche Financing to Support the Acquisition of Pink Buckle and Ruby Buckle by Equine Network, a Portfolio Company of Growth Catalyst Partners
Summary
HOUSTON & CHARLOTTE, N.C.--(BUSINESS WIRE)--Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing to support the acquisition of Pink Buckle and Ruby Buckle (“P&R”), a series of prestigious barrel racing competitions, by Equine Network, LLC (“Equine Network” or the “Company”), a portfolio company of Growth Catalyst Partners (“GCP”). With offerings including member-only competitions, roadside assistance, subscription-based products, and online learning channels and other proprietary content, Equine Network will continue to build and acquire additional services and solutions to enable its current and future members to enjoy and participate in the equine industry more easily. The P&R acquisition fits naturally with the Equine Network’s expansive growth plans, adding a new dimension to its robust Western Sports Group offerings. Scott Peters, Co-Founder and Managing Partner at GCP, said, “We appreciate Stellus’ ability to work quickly and efficiently in support of the transaction. Stellus is a single strategy firm and its founding partners have invested together in the lower middle market for 19+ years with a track record of $8.5bn deployed across ~350 transactions.