Wells Fargo Capital Finance partners with Evergreen Enterprises

Includes retail subsidiary Plow & Hearth

Wells Fargo Capital Finance, part of Wells Fargo & Company, announced it acted as sole lead arranger and book runner on a $55 million senior secured revolving credit facility that will be used for working capital and general corporate purposes for Evergreen Enterprises of Virginia, LLC, which includes retail subsidiary Plow & Hearth.

Evergreen Enterprises is a leading specialty wholesaler and retailer of home and lifestyle products. Founded in Richmond, Va., in 1993, Evergreen engages in the design, production and distribution of home furnishings, home and garden products, sports products, and fashion accessories through 14 different owned brands, including retailer Plow & Hearth. The company operates 22 retail stores, a national catalog and an e-commerce site.

"Wells Fargo Capital Finance takes pride in supporting leading retailers that consumers value," said Keith Vercauteren, head of the retail finance division at Wells Fargo Capital Finance. "We look forward to working with Evergreen Enterprises as it continues to grow."

"We did thorough research when we decided to look for a new lender for our working capital line. We chose Wells Fargo Capital Finance's Retail Finance team because of its extensive expertise in our industry and competitive pricing to help us grow over the next few years," said Ting Xu, president of Evergreen Enterprises. "We are excited about this new partnership."

Home Accents Today Staff | News & Commentary

Home Accents Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Web Directory Search
Search for Products/Companies

Featured Video

  • Interior Design Summit adds market program for designers

    Camera Icon More Videos

Subscribe to
Home Accents Today eWeekly
Receive the news you need to know about the trends in the industry delivered right to your inbox.

AmericasMart ICON Honorees


Excellence and superior achievement in the home and gift industry were recognized in July at AmericasMart's eighth annual ICON Honors. Enjoy these video stories celebrating the 2017 award recipients: Spicher and Company, Bloomingville, Wolf Gourmet, Her Majesty's English Tea Room, Kurt S. Adler, Inc., and Chris Rosse, Rosse and Associates.  See the videos! See the videos!