PPC Closes Financing for Carl's Place

Promontory Point Capital is excited to announce another one of our firm's recent client successes.

Established in 2006, Carl's Place has evolved into one of the leading national brands for competitively priced, Do-It-Yourself golf impact screens, custom golf simulator enclosures, and complete golf simulator packages sold primarily into consumer markets. Through a strong marketing presence, genuine customer engagement, and a breadth of products and styles, Carl's Place has developed and curated a unique customer experience centered around flexibility and ease. The Company’s growth has been supported by a successful direct B2C eCommerce platform and a growing network of distribution partners that serve as resellers of the entire line of Carl's Place products.

As a pioneer in the DIY Golf Simulator marketplace, the Carl's Place brand is respected across a variety of channels as reinforced by the Company's continued strong revenue growth. After completing another record year in sales, Carl’s Place sought to align the business with a financing partner that could support the Company’s continued expansion. Carl’s Place engaged Promontory Point Capital as its investment banker to evaluate a variety of financing options for the business and ultimately PPC helped close a new financing arrangement with Old National Bank. The new senior debt financing package for Carl’s Place closed during the third quarter of 2022 and represented another successful Done Deal for our firm.

Promontory Point Capital is a Milwaukee-based investment banking firm focused on the needs of Midwestern privately-held businesses. Since being formed in 2004, our firm has led over 160 client engagements including the evaluation of business sale and recapitalization options, the arrangement of debt and equity financing, and the planning and execution of growth strategies involving acquisitions, mergers, and joint ventures. Many inquiries to Promontory Point Capital include business objectives encompassing:

Ownership Planning, including Transition & Liquidity Goals: We are frequently introduced to owners or senior management teams when owners are interested in learning about their options involving a potential sale of all or a portion of their business. We have arranged transactions involving strategic partners, private equity firms, ESOPs, management buyouts, and other types of shareholder “recaps” including both minority and majority recapitalizations.

Financing, Refinancing, & Debt Restructuring: A company may have either short-term or long-term funding needs that are beyond the comfort zone of its existing senior bank lender. PPC arranges capital for companies including senior bank debt, non-bank debt, subordinated debt, sale-leaseback, and other forms of institutional funding to fund growth, acquisitions, shareholder redemptions, management buyouts, and other corporate purposes.

Strategic Growth/M&A: A company may have an interest in growing and expanding by acquisition or strategic joint venture and wish to have an initial conversation regarding their strategic growth objectives.

We welcome your confidential inquiry and encourage you to visit our firm's new website at

www.promontorypointcapital.com for more information on our organization's capabilities and numerous other client successes.