Wingspire Capital Holdings has provided a $36.5 million senior secured loan to R.W. Sidley.
Loan proceeds were used to refinance its existing bank facility, while providing a more patient and flexible capital structure to help management achieve its strategic growth initiatives.
Founded in 1933, RWS manufactures, mines, and distributes a variety of building products and supplies to over 1,000 customers nationwide. Some of the products that the company produces include bulk aggregates, industrial minerals, ready-mix concrete, structural and architectural precast components, among others. Its customer base operates in a broad range of end-markets ranging from the infrastructure construction markets, to water and wastewater treatment businesses, and steel and chemical manufacturers.
“RWS has remained a leader in their space by integrating up and down the value chain, and this new financing will provide the flexibility they were seeking to allow them to continue that growth in their core business. By structuring a responsive and creative credit facility, Wingspire was able to provide the necessary capital for RWS to execute on their future growth plans” said David Wisen, CEO of Wingspire.
