Tustin, California, December 19th, 2024—Wingspire Equipment Finance is proud to announce that it has successfully structured $10,000,000 in equipment financing for a global leader in agricultural manufacturing. The funding will be used to update and refresh the client’s flagship Canadian manufacturing facility.
The client, a private equity-backed company, is a prominent global manufacturer and distributor of high-precision components and parts for agricultural soil preparation. They serve large OEM and aftermarket channels and maintain an international presence in North America, Europe, and Latin America. The client is also recognized for its strong portfolio of tools for the agriculture, construction, and gardening sectors.
The $10 million Capital Lease provided by Wingspire Equipment Finance modernizes the Canadian manufacturing facility, fostering cross-border success. The upgrades include replacing aging equipment with state-of-the-art technologies to improve manufacturing capabilities, reduce downtime, and ensure the facility meets the highest industry standards for production efficiency.
“This transaction marks a significant milestone for the client as they modernize their flagship facility to meet growing international demand,” said Jason Alves, Senior Vice President of Private Equity at Wingspire Equipment Finance. “By structuring a Capital Lease tailored to their facility needs, we provided a finance solution that supports their global long-term growth strategy. We are proud to play a role in their transformation and look forward to their continued success.”
Delivering the financing for this client underscores Wingspire Equipment Finance’s commitment to providing bespoke financial solutions for sponsor-backed, middle-market companies. This supports the global agriculture industry’s need for cutting-edge technology equipment financing.
