MIAMI–(BUSINESS WIRE)–Fourshore Partners (Fourshore) today announced its acquisition of Celtic Capital Corporation (“Celtic” or “Company”), a financial services firm specializing in asset-based lending to middle market businesses nationwide .
With an appetite for more complex transactions, Celtic Capital has a history of success in crafting creative and flexible financing solutions without financial covenants. As an independent lender, Celtic Capital is willing and able to change pricing and transaction structure, extend lines of credit to handle increasing client revenues and, when cash flow is an issue, will seek to provide an inventory facility to help offset the loss of cash. flow. For over thirty years, Celtic Capital has provided smart capital that has made Celtic Capital one of the most respected asset-based lenders in the country.
“We are delighted to partner with an investor who shares our approach to lending and our strategic vision for the future of Celtic,” said Mark Hafner, Chairman and CEO of Celtic Capital Corporation.
Pedro Freyre, Partner at Fourshore, said: “We look forward to partnering with Celtic’s talented and highly experienced management team.
The transaction was led by Jose Costa, Pedro Freyre, Jose Manuel Torres and Milos Milosevic at Fourshore Partners.
About Celtic Capital
Celtic Capital specializes in asset-based financing from $500,000 to $5 million for manufacturers, wholesalers, distributors and service providers across the United States. Businesses unable to obtain traditional bank financing, or disrupting their current banks, turn to Celtic Capital to provide the working capital they need to finance their growth, expand into new markets, increase their purchase and take advantage of supplier discounts and rebates.
About Fourshore Partners
Fourshore Partners is a Miami-based private equity firm focused on lower middle market buyouts in the United States and the Caribbean. Fourshore targets companies generating between $2 million and $15 million in EBITDA with enterprise values between $10 million and $75 million.