Gibraltar Business Capital closed an $8 million credit facility for a sponsor-backed grocery and food service product distributor. Dari Farms Ice Cream, headquartered in Tolland, Connecticut, is a full-service distributor that carries a broad line of products ranging from ice cream and beverages to snack foods and produce.
This marks the second partnership between Gibraltar and private equity firm Diversis Capital. After past success working together with another portfolio company, the Los Angeles based firm returned to Gibraltar to provide additional liquidity to Dari Farms to support the implementation of growth and efficiency plans.