Snapshot (Q4:2020)
When hunting for new lending opportunities, we are continually amazed by the resourcefulness and creativity of lower, middle-market companies to adapt and thrive in today’s challenging environment. For example, to adapt to the “new normal,” a current HDC portfolio company -- a pet product company in Dublin, OH -- revamped its entire supply chain by repatriating much of its manufacturing to domestic suppliers and reorganized its warehouse operations from a five-day work week with one shift per day to three two-shift days per week. The result? The company has not only increased its top and bottom lines, but also is well on its way to exceeding its annual budget and achieving record profitability.