Stonehenge Growth Capital, LLC (“Stonehenge”), a leading provider of junior capital to high-growth small businesses, announced today that it provided a unitranche debt investment into FCP Groton, LLC (“FCP Euro”), a European, aftermarket car parts eCommerce business focused on the do-it-yourself (DIY) demographic. The new investment will allow the Milford, Connecticut-based business to expand their inventory selection, increase headcount, expand their warehouse & facility, invest into warehouse automation equipment, and other general working capital needs.
Founded in 1986 and headquartered in Milford, Connecticut, FCP Euro caters to DIY customers, providing an extensive collection of instructional videos to walk customers through repairs. The Company also offers dozens of “kits” that provide customers with all necessary parts needed for minor repairs, allowing the end user to enjoy considerable savings compared to bringing their vehicles to repair shops. FCP is also known for their Lifetime Replacement Guarantee on all their products.
“FCP is a high growth e-commerce company with a dynamic management team that has demonstrated the ability to drive top line growth,” said Charles E. Haberkorn, Managing Director at Stonehenge. “Stonehenge was thrilled to provide this financing and we look forward to working with Management as it executes on its aggressive business plan.”