Altriarch Closes $12.5 Million Senior Secured Asset-Based Credit Facility for Manufacturing Firm

Altriarch Asset Management, LLC (“Altriarch”) is pleased to announce the closing of a $12.5 million senior secured asset-based revolving credit facility, with an additional $5 million accordion feature, for an industry-leading manufacturer of electronic hand tools and detection devices (the “Company”).

Headquartered on the West Coast, the Company has built more than 50 years of operating history and brand equity as the recognized leader in its product category. Its core offerings include wall scanners, metal detectors, water leak detection systems, and an emerging portfolio of smart-home and sensor-based technologies.

The facility will refinance the Company’s existing debt and provide incremental liquidity to support new product launches and strategic growth initiatives planned in 2026 and beyond. The structure is secured by accounts receivable and inventory, with borrowing supported primarily by high-quality receivables owed by investment-grade retail counterparties.

“This transaction is a compelling example of the types of opportunities Altriarch is built to identify and execute,” said Meghan Bruch, Partner and Head of Diligence at Altriarch. “The Company brings experienced leadership, a durable competitive moat, and blue-chip retail relationships that have been built over decades. We are proud to serve as a trusted capital partner as they execute on an exciting pipeline of new products and continue to strengthen their market position.”

Note: This announcement contains forward-looking statements subject to risks and uncertainties. Actual results may differ.