Source Capital Supports Altacrest Capital’s Investment in Big Blanket

Source Capital, through Source Capital Credit Opportunities IV, LP (“SCCO IV”), is pleased to announce its investment in Larger Than Average, LLC (the “Company” or “Big Blanket”), a rapidly growing premium branded direct-to-consumer, eCommerce soft home goods company. SCCO IV supported the acquisition of the Company by private equity sponsor Altacrest Capital (“Altacrest” or the “Sponsor”), providing debt and equity co-investment financing to support the transaction.

Headquartered in Springfield, MO, Big Blanket has a dominant market share in the oversized blanket category and the largest offering in its class.  The Company offers directly to consumers over 40 styles, colors, patterns and textures of its premium 10’ x 10’ blanket. The blanket was an original creation by its in-house design team, with the vast majority of the Company’s products sold through its proprietary website.  Other cozy-themed luxurious products are slated to launch in the near future to Big Blanket’s engaged and loyal customer base.

“The Altacrest team brings impressive consumer product and eCommerce experience and relationships to the Company, and we look forward to supporting Big Blanket’s continued product expansion and success,” said Joe Rodgers, Managing Director at Source Capital.


About Altacrest Capital

Altacrest is a private equity sponsor that partners with rapidly growing eCommerce brands with strong margin and cash flow characteristics, enthusiastic customers, and experienced management teams that desire to roll meaningful equity. The Sponsor employs a flexible capital structure approach to its transactions, offers owner/operators strategic insight and best practices, and provides access to the firm’s ecosystem of successful consumer product entrepreneurs.  Altacrest has completed four transactions since its founding in 2018. Please visit the firm’s website,, for more information.

About Source Capital, LLC

Source Capital is a private investment firm focused on providing flexible equity and debt capital to lower middle-market companies across a range of industries. Source Capital’s investment strategy targets growing companies with greater than $2 million in EBITDA seeking a growth-oriented partner. Since its founding in 2002, Source Capital has made 23 equity platform investments, 43 add-on acquisitions and 35 debt investments through three separate credit funds.  To learn more about Source Capital or to discuss a new equity or debt investment opportunity, please reach out to a member of our investment team.

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