Stellus Capital Management, LLC Provides Unitranche and Equity Financing in Support of EagleTree Capital’s Acquisition of Invincible Boat CompanySep 19, 2019
Houston – TX, September 17, 2019 – Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing and an equity co-investment in support of EagleTree Capital’s (“EagleTree”) investment in Invincible Boat Company LLC (“Invincible” or the “Company”), a premium highperformance saltwater fishing boat brand.
Headquartered in Opa Locka, Florida, Invincible manufactures and sells high-performance semi-custom saltwater fishing boats. Invincible was founded in 2006 by Alex Lipworth, an entrepreneur and competitive fisherman with a desire to set a new industry standard in the saltwater fishing category. Since its inception, Invincible has quickly gained recognition as the highest performing and best built brand in the market. The CEO, John Dorton, is a 25- year industry veteran who has led boat companies such as MasterCraft, Hydra-Sports and HeyDay and has served on the boards of the National Marine Manufacturers Association and the Water Sports Industry Association.
Joe Nasr, Managing Director at Stellus, added, “We are excited to partner with the EagleTree team to support their investment in Invincible. We believe the strategic partnership between Alex Lipworth, John Dorton, and the EagleTree team positions the Company to continue to grow from an already strong base.”