CIT Northbridge Credit has provided a $40 million credit facility to ADC Solutions Holdings to support its strategic growth in consumer-focused markets.

Information on the Target

ADC Solutions Holdings, established in 1986 and headquartered in Costa Mesa, California, is a leading player in the development and expansion of brands within the automotive aftermarket, home goods, and health and wellness sectors. The company boasts a diverse portfolio consisting of 10 national brands, alongside various licensing partners, each commanding a significant presence in their respective markets.

This recent $40 million credit facility is designed to empower ADC Solutions Holdings in identifying and capitalizing on entrepreneurial opportunities, as well as to make growth investments in consumer-oriented businesses.

Industry Overview in the Target’s Specific Country

The automotive aftermarket industry in the United States is robust, characterized by continuous innovation and a growing demand for aftermarket parts and services. According to ind