Capital to Support Growing Demand in Customized Cabinetry Business
New York, April 26, 2017 – Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the close of a $9 million senior secured loan with Wood-Mode, a manufacturer of high-end custom-crafted cabinetry.
“Wood-Mode quality is the benchmark for the cabinetry industry and is synonymous with exceptional American craftsmanship,” said Stuart Armstrong, CEO of Great Rock Capital. “The company has been owned by the Gronlund family for generations and we are proud to be chosen as their financing partner as they continue to expand their business.”
The deal enables Wood-Mode to meet growing client demand and better serve the custom cabinetry market in homes across the United States. The company will continue to market and sell its products under the Wood-Mode and Brookhaven brand names. Core to Wood-Mode’s heritage and mission, all products will continue to be made in the USA.
“Great Rock Capital provided us with increased liquidity in a highly flexible facility that helped solve our financing needs. Our team was impressed with their ability to execute and close the financing quickly to meet our accelerated timetable,” said Jeff Jones, Chief Financial Officer of Wood-Mode.
Wood-Mode, Inc., founded in 1942, is the nation’s largest manufacturer of custom cabinetry for kitchens, baths and other rooms throughout the home. The company is proud to note that its 70+ years in business have all been family owned and operated and is a complete Made in America operation. Its products are marketed through a network of over 600 independent dealers located throughout the United States and Canada. For more information, please visit www.wood-mode.com or follow them on Facebook and Twitter @woodmode.
About Great Rock Capital
Great Rock Capital is an asset-focused commercial finance company specializing in serving the needs of middle-market companies with a wide variety of secured lending products. Great Rock Capital provides fast, flexible and creative financing solutions to maximize its customers’ liquidity to enable them to better execute their business plans. To learn more, visit http://greatrockcapital.com/.
Company Contact: Stuart Armstrong, CEO Great Rock Capital, (203) 557-6275, Armstrong@greatrockcapital.com