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Wingspire Capital announced the expansion of its product mix with the creation of a dedicated Equipment Finance division that will offer a full suite of flexible capital solutions delivered with Wingspire’s trademark level of creativity, flexibility, responsiveness and professionalism.
Wingspire Equipment Finance will focus on equipment financings ranging from $10 million to $200 million for sponsor owned, publicly traded and privately held non-investment grade companies for transactions such as:
- New capital expenditures
- Equipment term loans
- FMV, TRAC and capital leases
- Sale-leasebacks
- Consolidation of equipment debt
- Lease portfolio acquisitions
- Secondary lease purchases
- Discounting or leveraging of other lessor paper
- Acquisition financing of capital-intensive targets by private equity or strategic buyer
Wingspire Equipment Finance recently named Tom Murray as Managing Director, Equipment Finance. Murray brings extensive equipment finance subject matter expertise, a well-earned customer-friendly reputation and deep relationships with banks and other lenders. He previously held senior roles at City National Bank, Bridge Funding Group, CIT and GE Commercial Finance.
“Wingspire is determined to become a market leader in equipment finance and is pleased to have Tom Murray join our team as a first step in a long term plan,” said David Wisen, CEO and Co-Founder of Wingspire Capital. “The new equipment finance platform enables Wingspire to offer additional creative loan solutions to meet the complex and evolving needs of the middle market.”
Wingspire Equipment Finance is industry agnostic and backed by permanent capital for speed in execution and greater certainty to close. The Wingspire team has extensive experience in supporting companies in sectors including manufacturing, industrial, construction, truck/trailer, marine, port equipment, specialty transportation, food processing, media production equipment, technology/communications and many other verticals.
Wingspire Capital is a middle market-focused, specialty finance firm that provides multiple types of direct loans, including asset-based revolving lines of credit, equipment loans and leases, IP and cash flow term loans, lender finance and specialty real estate secured loans.to Our depth of experience across all debt products and industries enables our firm to be creative and flexible in our approach, and the lender of choice for companies across all stages of growth and complexity. The commitments for our credit facilities range in size from $20 to $200 million.
Wingspire is a portfolio company of Owl Rock Capital Corporation, which is externally managed by Owl Rock Capital Advisors LLC, an SEC-registered investment adviser. Owl Rock is a division of Blue Owl Capital, an alternative asset manager with approximately $70.5 billion of assets under management as of September 30, 2021.