CAPITAL STRUCTURE & FORMATION
Louisville Equestrian Center
Pallas Partners worked with Betsy Webb Stables to transform a 9-year-old riding academy into the multimillion-dollar, year-round recreational facility.
In 2009 Pallas helped Louisville Equestrian Center secure $3.4 million in financing to become a single-purpose riding complex with two large indoor riding arenas and a barn with 100 climate-controlled stalls. This enabled the Center to increase capacity to 100 horses, 500 clients and double the number of staff. Pallas also structured the debt to carry the business through the peaks and valleys of demand throughout the year.
“Pallas was able to refine our business plan and identify future revenue sources, giving us the credibility to get financing for our expansion. Our riding academy and summer camps were doing well, but Pallas helped us identify eight business lines to branch off from our core business, including consignment sales of gear and equipment and selling billboard space on our barns that face major roadways.” Betsy Webb, Owner