Wingspire Capital is pleased to provide a senior secured credit facility to TAG Manufacturing, a leading designer and manufacturer of buckets, thumbs, couplers, and other specialty attachments used on construction equipment such as excavators and wheel loaders.
The credit facility includes a revolver and first-out term loan as part of a broader transaction agented by Piney Lake Capital Management. The new financing gives the Chattanooga, Tennessee-based company greater liquidity and flexibility to manage its business and ensure availability, variety, and timely delivery to its customers.
Founded in 2005, TAG Manufacturing is a trusted name for essential attachments and buckets ranging from lightweight wheel loader buckets to severe heavy-duty excavator attachments. All TAG buckets and attachments are made at its state-of-the-art facilities in Tennessee.
“Wingspire Capital is proud to partner with Piney Lake to provide a flexible capital solution to TAG so it can continue to support construction and infrastructure projects across the U.S.,” said Will Bence, Managing Director at Wingspire Capital.
TAG Manufacturing is a portfolio company of Center Rock Capital Partners. Hudson Avenue Partners served as the debt advisor to TAG Manufacturing.
