Keltic Financial Services funded a senior secured revolving line of credit for Apollo Retail Specialists, Inc.
October 5, 2011
Keltic Financial Services, along with its co-lender, Amalgamated Capital, the New York-based leveraged finance division of Amalgamated Bank, has recently funded a senior secured revolving line of credit for Apollo Retail Specialists, Inc. The company, headquartered in Apollo Beach, FL, is a DBA of DDP Holdings, LLC, a Palm Beach Capital portfolio company. They provide specialized teams for Retail Construction Service, Resets and Projects which provide retail merchandising, new store set-up, and product re-set services for retailers. The company operates from facilities in Apollo Beach, FL and Mooresville, NC.
“Apollo is thrilled to have completed our transaction with Keltic and Amalgamated. We are an acquisitive, growth focused company and selecting the right financial partners is a key part of our strategy. This transaction allows Apollo to continue its growth plans over the next few years and to have two professional partners that we feel great about.”
Michael Sunderland/President/Apollo Retail Specialists, Inc.
“We are very pleased with the support and commitment that both Keltic and Amalgamated have shown toward DDP. The new facility will allow the company to continue to execute against its long term growth initiatives and provide exemplary services to its customers. We look forward to growing the credit long into the future and feel comfortable that we have a financial partner that will be there for us.”
Michael J. Chalhub/Senior Vice President, Portfolio Management/Palm Beach Capital
“Keltic is pleased to have the opportunity to assist Palm Beach Capital with the financing of one of its premium portfolio companies. We look forward to helping Apollo Retail with its acquisition strategy. Keltic is uniquely suited to partner with growing companies like Apollo, due to our efficient evaluation and decision making processes. We also appreciate the support and confidence of Amalgamated Bank, who is an ideal partner for us in providing ABL loans to middle market companies.”
Barry A. Kastner, Executive Vice President/Keltic Financial Services
“We were pleased to partner with Keltic to provide liquidity financing for Apollo, which has a solid customer base that includes many large scale retailers. Apollo has a strong value proposition, providing specializzed teams for retail merchandising, new store set-up, and product re-set services for retailers.”
Robert Love, Vice President and Head of Amalgamated Capital