Wingspire Capital provided more than $700 million in senior secured financing commitments in 2022, bringing its total to $3 billion in its third year of operations.
Liberty Commercial Finance rebranded as Wingspire Equipment Finance, adopted a new logo and redesigned its website as it integrates with parent company Wingspire Capital, which acquired Liberty earlier this year.
Wingspire Capital agreed to acquire Liberty Commercial Finance. The acquisition will provide Wingspire Capital with a direct originations platform that has a nationwide market presence in the United States providing equipment finance solutions to middle-market companies.
Wingspire Capital appointed Doug Sylvia to the newly created role of chief risk officer for Wingspire Equipment Finance. With two decades of experience as a senior credit officer, portfolio manager and underwriter, Sylvia was most recently a senior vice president and lending manager at Wells Fargo.
Wingspire Capital achieved a milestone, exceeding $1 billion in commitments in its second year of operations as it provided more than $600 million in senior secured financing commitments during 2021.
Specialty finance firm Wingspire Capital expanded its product mix with the creation of a dedicated equipment finance division and named Tom Murray managing director of equipment finance.
Wingspire Capital provided a $40 million senior secured credit facility to Theragenics, a developer and manufacturer of medical devices. The transaction included a $20 million revolving line of credit and a $20 million term loan.
Wingspire Capital added David Gittleman to the firm as head of capital markets. Previously, Gittleman was a senior managing director at Steel City Capital Funding and president and CEO of Cratos Capital Partners.
Wingspire Capital provided a $95 million senior secured credit facility to Fox Racing, a provider of motocross and mountain biking protective gear and apparel. The credit facility consists of a $35 million revolving line of credit and a $60 million term loan.
Since announcing its entrance into the asset-based lending market less than a year ago, Wingspire Capital has established itself as a competitive player in the industry. David Wisen, John Rosin and Ken Wendler explain how creativity and remaining humble have powered their first-year success and growth plans.