Salus Capital Partners

Salus Capital Partners is a commercial finance and asset management company that was established in 2011 and is based in Needham, Massachusetts. The firm specializes in providing secured asset-based loans to middle-market companies across a diverse range of industries. Salus Capital focuses on monitoring, servicing, and collecting its existing loans, ensuring a thorough management of its financial operations. The company aims to support its clients by offering additional financing options throughout the capital structure. With a commitment to delivering tailored financial solutions, Salus Capital serves as a valuable partner to businesses seeking capital for growth and development.

Mark Sturrock

Managing Director, Canadian Head of Originations and Corporate Strategy

46 past transactions

AquaHydrate

Debt Financing in 2015
AquaHydrate, Inc. is a health and fitness company based in Los Angeles, California, founded in 2003. The company specializes in the production of alkalized bottled water, which is purified to meet stringent industry standards and raised to an alkaline pH of 9. AquaHydrate is supplemented with electrolytes and natural trace minerals, making it a unique offering in the market. Targeting health-conscious consumers, particularly athletes and fitness enthusiasts, AquaHydrate has gained recognition among elite athletes, including professional sports figures and Olympic competitors. The company distributes its products through grocery stores, health food outlets, and online platforms across the United States, promoting a healthy lifestyle without the inclusion of sugar, calories, or artificial additives.

PetWise

Debt Financing in 2014
PetWise, established in 1990 and headquartered in Novato, California, is a pet product manufacturer committed to creating innovative, accessible, and eco-friendly solutions for pets and pet parents. The company offers a wide range of products under brands such as goDog, SHERPA, SmartyKat, and Petlinks, catering to various pet needs including toys, bedding, travel accessories, and tracking solutions for both cats and dogs. PetWise prioritizes the use of natural, recycled, and organic materials, ensuring its products are not only safe and high-quality but also environmentally responsible. The company's mission is to foster strong bonds between pets and their parents through thoughtful, fun, and sustainable products that meet child safety standards and are backed by a satisfaction guarantee.

Comark

Debt Financing in 2014
Comark Inc. is a prominent specialty fashion retailer based in Mississauga, Canada, with additional offices in Richmond and Winnipeg. Established in 1976, the company operates a chain of retail stores primarily located in shopping malls and big-box power centers, focusing on serving small to mid-size suburban markets. Comark offers a diverse range of fashionable workwear, including professional suiting, casual separates, and various styles of pants and accessories for younger working women. Its product portfolio features apparel in regular and petite sizes, such as tops, blouses, dresses, jeans, and outerwear, alongside a selection of jewelry and accessories, including earrings, handbags, and scarves. In addition to its physical stores, Comark also engages customers through online sales, enhancing its reach and accessibility. As of 2015, Comark operates as a subsidiary of Pacific West Commercial Corporation.

CACHÉ

Debt Financing in 2014
Cache, Inc. is a nationwide specialty retailer offering lifestyle sportswear and dresses for style-conscious women. The company operates mall and web-based stores across 43 states, Puerto Rico, and the U.S. Virgin Islands. Cache's merchandise includes tops, bottoms, dresses, and accessories under its own brand. Their product categories range from sportswear suitable for day or evening events, to dresses for various occasions, and accessories such as jewelry, belts, and handbags designed to complement their clothing selections. With a focus on trendy and versatile fashion, Cache aims to cater to the style needs of modern women across different age groups and preferences.

National Envelope

Debt Financing in 2014
National Envelope is the manufacturer of commodity, proprietary and specialty envelopes

Anna's Linens

Debt Financing in 2014
Anna's Linens is a prominent retailer specializing in home textiles and decor, ranking as the 13th largest in its sector. The company provides a diverse range of products, including bed linens, window coverings, bath accessories, and decorative items, catering to both home interior and event planning needs. With a commitment to offering cost-competitive prices, Anna's Linens serves customers through both online and offline channels, ensuring accessibility and convenience for those seeking quality home furnishings.

Calypso St. Barth

Debt Financing in 2014
Calypso St. Barth, Inc. is a retail company specializing in women's apparel and accessories, including dresses, tops, beachwear, and various luxury items such as shoes, bags, jewelry, and fragrances. Founded in 1992 and headquartered in Long Island City, New York, the company operates boutiques across several states in the U.S. and in St. Barth, Caribbean. Calypso St. Barth offers an extensive range of products designed to provide unique and feminine styles that allow for versatile and elegant combinations. In addition to its physical storefronts, the company also sells its merchandise online. However, it faced significant financial challenges, culminating in an involuntary petition for liquidation under Chapter 7 filed in November 2017.

RadioShack

Post in 2013
RadioShack is a retail company specializing in electronics goods, catering to consumers globally. It offers a diverse range of products including headphones, radios, batteries, and various electronic accessories, available both in its network of over 4,000 company-owned stores and through its online platform. The company distinguishes itself by fostering a collaborative shopping experience, where knowledgeable associates assist customers in bringing their technology ideas to life. This commitment to customer service is reflected in the positive feedback from shoppers who appreciate the expertise of the staff. RadioShack has also been revitalizing its stores, introducing a fresh, modern look and concept stores that serve as collaboration centers for tech enthusiasts. With a curated selection of products that includes personal and home technology, mobility solutions, and digital fitness items, RadioShack aims to meet the diverse needs of its customers while emphasizing the idea that collaboration leads to better solutions.

Marbles: The Brain Store

Debt Financing in 2013
Marbles: The Brain Store is a specialty retailer focused on offering a diverse selection of brain-building games, puzzles, books, and educational toys. The store is designed to provide a hands-on shopping experience, allowing families to explore unique and high-quality items that promote cognitive development. Customers can engage with products in-store, where they can try out games and participate in product demonstrations, as well as access these experiences online. Marbles caters to individuals of all ages, aiming to enhance critical thinking, memory, coordination, visual perception, and word skills through its thoughtfully curated offerings.

HiTouch Business Services

Debt Financing in 2013
HiTouch Business Services is a provider of comprehensive office products and services designed to meet the diverse needs of businesses. The company offers a wide range of essential solutions, including office supplies, beverage supplies, educational programs, and print management. Additionally, HiTouch specializes in facilities solutions, space and moves planning, and office design, allowing clients to efficiently manage their operations. With a focus on streamlining complex business processes, HiTouch aims to empower organizations by providing integrated services that enhance productivity and operational effectiveness.

Hampshire Group

Debt Financing in 2013
Hampshire Group is a designer and marketer of men's sportswear, catering to department stores, chain stores, and mass-market retailers. The company offers a diverse range of products under licensed brands, proprietary brands, and private labels for its customers. By focusing on the fashion apparel sector, Hampshire Group aims to meet the evolving needs of its retail partners and consumers through innovative designs and quality offerings.

Dots ,LLC

Debt Financing in 2013
Dots is the fast fashion party place for women's apparel and accessories at exceptional prices. The brand caters to women ages 25 to 35 who are both fashion- and price- conscious.

Love Culture

Debt Financing in 2013
Love Culture is a lifestyle brand and shopping platform headquartered in Vernon, California. It specializes in offering women's apparel and accessories through both its online platform and physical retail stores. The company is committed to creating a fun and dynamic shopping atmosphere that caters to the modern shopper by staying ahead in design, style, fashion, and value. Love Culture emphasizes independence, empowerment, and confidence in its brand ethos.

Robert Talbott

Debt Financing in 2013
Robert Talbott is an apparel & fashion company specializing in neckwear, polos, and shirts.

Tandy Brands Accessories

Debt Financing in 2013
Tandy Brands Accessories Inc is a company that specializes in the design, manufacture, and marketing of fashion accessories for a diverse clientele, including men, women, and children. The company offers a range of products, such as belts, gifts, and small leather goods and bags, catering to various style preferences and needs. With a focus on quality and innovative design, Tandy Brands aims to provide fashionable accessories that enhance its customers' wardrobes.

Northern Reflections

Debt Financing in 2013
Northern Reflections Ltd. is a Canadian retailer specializing in fashion and clothing for women, particularly targeting the demographic of women aged 45 and over. Founded in 1985 and based in Toronto, the company offers a range of moderately priced apparel, including tops, sweaters, jackets, active wear, bottoms, and dresses, along with accessories such as ponchos and scarves. Northern Reflections is committed to providing stylish and comfortable options that are figure-flattering and suitable for various occasions. The company employs a talented in-house design team that focuses on creating unique collections made from easy-care fabrics, with an emphasis on sustainability and fit. In addition to brick-and-mortar locations, Northern Reflections also sells its products online, catering to customers seeking convenient shopping options.

dELiAs

Debt Financing in 2013
dELiA*s, Inc. is a multi-channel retail company focused on providing apparel, accessories, and footwear primarily for teenage girls and young women in the United States. The company markets its proprietary lifestyle brand through various channels, including an e-commerce website, direct mail catalogs, and mall-based retail stores. By catering specifically to the preferences of its target demographic, dELiA*s generates revenue while establishing a recognizable presence in the youth fashion market.

Kid Brands

Debt Financing in 2013
Kid Brands is a consumer goods company specializing in the design, development, and distribution of branded products for infants and juveniles. The company's product portfolio encompasses a variety of categories, including infant bedding and nursery accessories under the Kids Line and CoCaLo brands, nursery furniture through LaJobi, and developmental toys alongside feeding, bathing, and baby care items marketed under the Sassy brand. Kid Brands distributes its products globally through a diverse range of retail channels, including mass market outlets, baby superstores, specialty shops, and e-commerce platforms. Additionally, the company holds licenses for certain products associated with well-known brands such as Carter's, Disney, Graco, and Serta, expanding its reach in the market for infant and juvenile goods.

Hudson Trail Outfitters

Debt Financing in 2013
Hudson Trail Outfitters operates a chain of sports gear shop providing products such as snowboard, hiking shoes, vests and casual fleece

Frederick's of Hollywood

Debt Financing in 2013
Frederick's of Hollywood Group Inc. is a prominent retailer and manufacturer of women's apparel, specializing in lingerie and related products. Established in 1946 and based in Los Angeles, California, the company provides a diverse range of products including bras, corsets, shapewear, panties, daywear, sleepwear, dresses, sportswear, and accessories such as shoes and handbags. Targeting women primarily aged 18 to 45, Frederick's of Hollywood emphasizes quality and innovation in its offerings. The company operates through mall-based specialty retail stores across the United States, as well as through its catalog and online platform. As of December 2013, Frederick's had 112 retail locations in 28 states. In 2014, it transitioned to a private company and became a subsidiary of Authentic Brands Group LLC. With a mission to empower women to feel confident and desirable, Frederick's of Hollywood continues to focus on customer satisfaction and product excellence in the competitive women's apparel market.

Kitson Los Angeles

Debt Financing in 2013
Kitson Los Angeles offers styles for women, men, and children from emerging designers. They sell cannabis, keychains, journals, hats, jewellery, candles, coasters, pillows, pets, parfum, jetsetter, card, drinking, bags, robes, science, and stickers. They include a fashion and lifestyle boutique dedicated to pop culture and designed for fashion enthusiasts.

Manus Holdings

Debt Financing in 2013
Manus Holdings is a manufacturer of industrial products that are sold directly and indirectly to local and state government agencies

Laura’s Shoppe

Debt Financing in 2013
Laura’s Shoppe is a leading ladies-wear retailers offering contemporary, accessible fashion for women.

Totsy

Debt Financing in 2013
Totsy is an online shopping network catering to mothers and their young children, offering brand-specific products at significant discounts, often up to 90% off retail prices. The company's product range includes prenatal care items, baby gear, travel accessories, bedding and bath products, children's clothing, toys, DVDs, and educational materials. Membership to Totsy is exclusive, requiring an invitation or a request to join, and each sale is time-sensitive, lasting between 48 to 72 hours. Totsy is committed to sustainability and social responsibility, being the first private sales company to implement eco-friendly practices across its operations. In a unique initiative, Totsy plants a tree for every purchase made, supporting efforts to combat deforestation and promote environmental stewardship.

Scott Kay

Debt Financing in 2013
Scott Kay, Inc. is a jewelry design and manufacturing company based in Teaneck, New Jersey. Specializing in fashion and bridal jewelry, the firm offers a diverse range of products, including engagement rings, wedding bands, eternity bands, pendants, bracelets, and cufflinks for both men and women. The company operates a retail jewelry store and distributes its creations through a network of retailers across the United States, Canada, Mexico, Panama, and Puerto Rico. Scott Kay, Inc. is recognized for its craftsmanship in designing sculpted jewelry pieces and comprehensive collections aimed at the bridal market. As of early 2015, it functions as a subsidiary of Frederick Goldman, Inc.

Hunter's Specialties

Debt Financing in 2013
Hunters Specialties is a leading manufacturer and supplier of hunting accessories, headquartered in Irving, Texas. The company specializes in a diverse range of products, including scent control items, game calls, minerals and attractants, as well as wildlife management tools. By offering innovative solutions, Hunters Specialties aims to enhance the hunting experience for enthusiasts, providing them with the necessary gear and accessories to improve their performance in the field. As the largest producer of hunting accessories globally, the company plays a significant role in the hunting industry, catering to the diverse needs of hunters.

Work 'N Gear

Debt Financing in 2013
Work 'N Gear, Inc. is a retailer that operates a chain of stores specializing in work apparel and footwear across the Northeast and Midwest of the United States. Founded in 2002 and headquartered in Quincy, Massachusetts, the company offers a diverse range of products tailored for service, industrial, and healthcare environments. Its inventory includes work wear such as shirts, pants, and restaurant uniforms, along with outerwear options like jackets and coveralls, and safety apparel designed for protection in various work settings. Additionally, Work 'N Gear provides healthcare-related products including scrubs, footwear, and essential accessories. The company also operates an online store to reach a broader customer base.

Summer Infant

Debt Financing in 2013
Summer Infant, Inc. is a prominent company specializing in the design, marketing, and distribution of branded juvenile health, safety, and wellness products globally. Founded in 1985 and headquartered in Woonsocket, Rhode Island, the company offers an extensive product line that includes audio and video monitors, safety gates, bath products, potties, and a variety of baby gear such as strollers and car seats. Summer Infant markets its products under well-known brand names including Summer, SwaddleMe, and Born Free. The company sells directly to retailers through its sales force as well as through partnerships and its online platform. Additionally, Summer Infant collaborates with international distributors and representatives to reach customers in various countries, although the majority of its revenue is generated from the United States.

Fletcher Leisure Group

Debt Financing in 2013
Fletcher Leisure Group is a wholesale and distribution company specializing in sporting goods. The company focuses on retailing sports apparel and a variety of related products from multiple brands. By providing a range of quality merchandise, Fletcher Leisure Group serves as an important player in the sporting goods industry, catering to the needs of retailers and consumers alike.

Total Hockey

Debt Financing in 2013
Total Hockey Inc. is a leading retailer specializing in hockey equipment, offering a wide range of products including skates, sticks, accessories, bags, and apparel. The company has transformed the traditional hockey retail landscape, moving away from outdated, small stores with limited offerings to a modern retail experience that includes both physical locations and an online presence. By focusing on innovation and customer experience, Total Hockey has established itself as a prominent player in the hockey retail market, catering to the needs of hockey enthusiasts at all levels.

W Diamond Group

Debt Financing in 2013
W Diamond Group is a menswear company.

Mitchell Gold + Bob Williams

Debt Financing in 2012
Mitchell Gold + Bob Williams is a home furnishings company that specializes in the manufacture and sale of a wide range of furniture products, including living, dining, and bedroom furniture, as well as sleep sofas, lighting, rugs, and bed linens. Founded in 1989 and based in Taylorsville, North Carolina, the company aims to provide heirloom-quality modern furnishings for the entire home. In addition to its diverse product offerings, Mitchell Gold + Bob Williams also offers in-home design services for retail consumers. The company operates through both physical stores in the United States and internationally, as well as an online platform, catering to a broad customer base. Known for its commitment to quality and design, Mitchell Gold + Bob Williams was formerly recognized as The Mitchell Gold Co. before rebranding in April 2005.

Bakers Shoes

Post in 2012
Bakers Shoes is a mall-based, specialty retailer of distinctive footwear and accessories for young women. Their merchandise includes private label and national brand dress, casual and sport shoes, boots, sandals and accessories. As of January 3, 2004, they operated 215 stores in 36 states, of which 185 are Bakers stores and 30 are Wild Pair stores. Their Bakers stores' buying teams constantly modify their product offering to reflect widely accepted fashion trends focusing on women between the ages of 12 and 29 who demand quality fashion products. Based on their analysis of their competitors, they believe that their Bakers stores are the only nationwide, full-service retailer specializing in moderately priced footwear for this segment. Their Wild Pair stores offer edgier, faster fashion-forward footwear that reflects the attitude and lifestyles of both women and men between the ages of 17 and 24.

Bluefly

Debt Financing in 2012
Bluefly, Inc. is an online retailer specializing in fashion merchandise and accessories in the United States. Founded in 1991 and headquartered in New York City, Bluefly offers a diverse range of designer, contemporary, and private label apparel through its e-commerce platforms, bluefly.com and belleandclive.com. The company is noted for its off-price model, providing customers with high-quality designer brands and fashion trends at competitive prices. In 2011, Bluefly expanded its offerings by launching Belle & Clive, a members-only shopping site that features curated selections of prominent brands through limited-time sales. As a pioneer in the online fashion retail space, Bluefly aims to create an enjoyable shopping experience that combines value with a broad selection of fashionable items.

Xenith

Debt Financing in 2012
Xenith, LLC is a manufacturer of protective sporting gear, primarily focused on football helmets. Established in 2004 and headquartered in Lowell, Massachusetts, the company designs its products to minimize athletic injuries caused by both linear and rotational forces. In addition to football helmets, Xenith offers a range of equipment, including metal face masks, shoulder pads, and sporty apparel, all aimed at enhancing athlete safety and performance. Through innovative design and technology, Xenith strives to provide athletes with reliable protection against severe injuries.

American Apparel

Post in 2012
American Apparel is a vertically integrated manufacturer, distributor, and retailer headquartered in downtown Los Angeles, California. The company specializes in sustainable apparel, offering a wide array of ethically made clothing options, including basics and iconic fashion items for women, men, and children. Known for its innovative advertising and strong product branding, American Apparel has cultivated significant brand awareness and a dedicated following worldwide through its "Made in Downtown LA" operations. Employing approximately 10,000 people globally, with about 5,000 based in Los Angeles, the company operates over 285 retail stores across 20 countries, providing customers access to its diverse product range through an online marketplace.

Human Touch

Debt Financing in 2012
Human Touch is a prominent manufacturer of innovative lifestyle products, specializing in high-quality massage chairs and related wellness items. With nearly 35 years of experience, the company focuses on developing advanced massage products that feature patented systems designed to replicate professional massage techniques. These products aim to alleviate muscle tension and pain, providing essential benefits to consumers seeking relief from the stresses of modern life. Human Touch's product line includes a range of technologically sophisticated robotic massage chairs, The Perfect Chair, and various handheld massagers, which are distributed across more than a dozen countries through specialty retailers, furniture stores, department stores, and healthcare providers. The company's commitment to enhancing well-being through relaxation and comfort has established it as a leader in its industry.

CPI Luxury Group

Debt Financing in 2012
CPI Luxury Group is a manufacturer and distributor of pearl jewelry and related products based in Pacoima, California. Established in 1994, the company specializes in freshwater pearls, offering a diverse range of items including earrings, necklaces, rings, pendants, and bracelets. In addition to pearls, CPI Luxury Group provides various jewelry options in gold and silver, as well as private label goods. The company also offers customized packaging services to enhance its product presentation. Its products are marketed through department stores, chain stores, independent retailers, and online platforms, allowing for a broad distribution network.

Hyde Park Jewelers

Debt Financing in 2012
Hyde Park Jewelers is a retailer specializing in designer jewelry, timepieces, and gemstones. The company offers a diverse collection of bracelets, necklaces, rings, earrings, cufflinks, and gemstones, as well as wedding and engagement rings, men’s bands, and watches. In addition to its extensive product range, Hyde Park Jewelers provides watch repair and appraisal services, ensuring customers receive comprehensive support for their jewelry and timepiece needs. The company aims to deliver aesthetic products that cater to the preferences of its clientele, allowing for personalized choices in fine jewelry and luxury items.

Namco Pools

Debt Financing in 2012
Namco Pools is a online store that delivers a wide range of covers, chemicals, patio furniture, toys, swimming equipment and accessories.

Strauss Auto

Debt Financing in 2012
Strauss Auto provides automotive parts, accessories such as batteries, oil, lubrication products and also offers automotive services

Brodkey Brothers

Debt Financing in 2012
Brodkey Brothers is a family-owned and operated chain of Midwest jewelry stores

LittleMissMatched

Debt Financing in 2012
LittleMissMatched is a lifestyle clothing brand that specializes in offering a diverse range of apparel and accessories for girls and women. The company's product line includes socks, activewear, leggings, shorts, and various types of tops and bottoms. Additionally, LittleMissMatched provides toys, books, and room accessories, catering to both children and teenagers. The brand is known for its unique and playful designs, appealing to a youthful audience.

Room Store

Debt Financing in 2012
Room Store is a furniture company that provides home furniture and accessories.
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