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The Secured Lender

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March 17, 2025

Source: CIBC U.S. Asset Based Lending

CIBC U.S. Asset Based Lending is pleased to announce the closing of a senior credit facility to support New Water Capital Partners II, L.P.’s acquisition of Dutch Gold Honey, Inc., as well as provide working capital to fuel the continuing growth of the business and a comprehensive suite of banking services.

Founded in 1946 in Lancaster, PA, Dutch Gold Honey, Inc. is a leading producer of ethically sourced honey in the U.S. The Company is well-known for its innovation, including the creation of the iconic plastic honey bear container. Dutch Gold Honey distributes its products across a variety of retail channels, restaurants, food service, and food manufacturing companies. The company is comprised of several businesses including McLure’s Honey & Maple Products, Gamber Container Company, The Bacon Jug Company, and DGH Logistics.

“We are excited to partner with CIBC in this significant acquisition,” said Nick LaRosa, Vice President of New Water Capital Partners. “With CIBC’s support, Dutch Gold Honey is well-equipped to expand its capabilities and continue delivering exceptional products to its customers.”

At CIBC, our U.S. Asset-based Lending team specializes in crafting financing solutions specifically for middle-market business owners and executives, and our private equity partners. We provide creative and flexible senior credit facilities that include revolving lines of credit and term loans from $10,000,000 to $75,000,000 primarily related to acquisitions, recapitalizations, refinances, and turnarounds, while also delivering a powerful array of banking products and services through CIBC Bank USA.