Cedar Electronics ("Cedar") is a leading provider of radio communication and automotive aftermarket solutions with a long-standing reputation for innovation, quality and reliability. Headquartered in Chicago, Illinois, the company operates an asset-light platform supported by dedicated research and development facilities in West Chester, Ohio. Cedar offers a broad product portfolio that includes two-way radios, radar detectors, dash cameras and related accessories sold under the Cobra and Escort brands. The company serves a diverse customer base through a broad omni-channel distribution model encompassing retail, e-commerce, direct-to-consumer, international and an expanding B2B channel.
Cedar sought to refinance its existing capital structure to enhance liquidity and better support ongoing operations and growth initiatives, including continued investment in new product development. The company engaged Candlewood Partners to evaluate financing alternatives and execute a debt capital solution aligned with its operational profile and long-term objectives.
Candlewood Partners served as exclusive financial advisor to Cedar Electronics in connection with the refinancing of its capital structure. Candlewood supported management and ownership throughout the process, including lender outreach, diligence coordination, transaction structuring and the negotiation of financing documentation. The transaction featured a senior secured financing including a revolving facility, first-lien term loan and DDTL, optimizing the company’s capital structure and enhancing liquidity to support working capital needs and future growth.
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Candlewood Partners, LLC
Established 2001
