Configure’s detailed involvement allowed us to focus more of our efforts on operational and financial due diligence and refining the value creation plan with senior management.
Configure Partners Advises Mitre Peak Capital on Financing for its Investment in and Partnership with Core Covers
Atlanta, GA – Configure Partners, LLC (“Configure”), a leading middle-market investment bank, is pleased to announce its role as exclusive financing advisor to Mitre Peak Capital, LLC (“Mitre Peak”) in securing committed debt capital to support Mitre Peak’s investment in and partnership with Roberts Manufacturing, LLC (d/b/a “Core Covers”), a leading manufacturer of outdoor spa covers, related spa accessories, and other complex, just-in-time cut-and-sew products across various end-markets.
Configure acted as exclusive financing advisor to Mitre Peak in connection with securing debt financing to facilitate the transaction. Configure supported all aspects of the financing process including lender screening, approach to market, transaction structuring and negotiation of the financing-related documentation.
“Configure leveraged its credit experience and deep relationships to secure a great outcome for us on the financing,” said Dan Davidson, Partner at Mitre Peak. “Configure’s detailed involvement allowed us to focus more of our efforts on operational and financial due diligence and refining the value creation plan with senior management. Configure was a valued advisor throughout the process and we appreciate their on-going support.”
Jay Jacquin, Managing Director at Configure, commented, “We believe the partnership between Mitre Peak and Core Covers will lead to continued excellence and growth for the business in the spa cover and broader outdoor leisure markets. We are extremely pleased to have worked with the Mitre Peak team and to have played a role in helping them achieve their new partnership with Core Covers.”
About Core Covers (www.corecovers.com)
Core Covers, headquartered in Henderson, Nevada, manufactures complex cut-and-sew products ranging from spa covers to home furnishings and medical products. For over 20 years, Core has leveraged its reputation for product quality, service levels, and innovation to become the leading manufacturer of spa covers to a global base of OEM and aftermarket customers. Core operates manufacturing facilities in Allentown, PA, Tijuana, Mexico, and León, Mexico.
About Mitre Peak (www.mitrepeakcapital.com)
Mitre Peak is a Dallas-Fort Worth-based private equity firm that specializes in providing capital to lower middle-market companies with defensible core businesses and the potential for significant value creation through the achievement of strategic and operational initiatives. The Mitre Peak team is comprised of seasoned investment professionals who have been involved in 20+ lower middle-market transactions representing over $1 billion of total enterprise value.
About Configure Partners (www.configurepartners.com)
Configure Partners is a preeminent credit-oriented middle market advisory boutique headquartered in Atlanta. The firm provides investment banking and financial advisory services surrounding credit and creditor’s rights, providing actionable advice and results-oriented execution. Configure’s Debt Placement practice designs bespoke financing solutions for borrowers to support leveraged buyouts, acquisitions, and dividend recaps, among other strategic objectives. The firm’s Credit Resolutions practice is the trusted advisor to lenders and their borrowers when confronting business, liquidity, or capital structure challenges.