Specialty finance firm Wingspire Capital expanded its product mix with the creation of a dedicated equipment finance division: Wingspire Equipment Finance.
Wingspire Equipment Finance will focus on equipment financing transactions 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 buyers
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As part of the launch of the new division, Wingspire named Tom Murray managing director of equipment finance. Murray 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,” David Wisen, CEO and co-founder of Wingspire Capital, said. “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 will be industry agnostic and is backed by permanent capital.
