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Wingspire Equipment Finance Supports Sponsor-Backed Utility Services Platform with $22 Million Financing

Tustin, California — September 30, 2026 — Wingspire Equipment Finance announced the closing of a $22 million equipment financing transaction with a sponsor-backed utility services platform. The company provides vegetation management, right-of-way clearing, emergency storm response, and related infrastructure maintenance services.

Structured as a First Amendment Lease, the financing supported bucket trucks and customized utility and forestry equipment used across the company’s field operations. The equipment was purchased and placed in service during Q4 2025, and Wingspire Equipment Finance converted those recent acquisitions into structured financing aligned with the assets’ expected useful life.

By converting recent equipment investments into longer-term financing, the transaction improved the company’s liquidity, diversified its capital sources, and preserved capital for ongoing operations and strategic initiatives.

“Utility services companies rely on specialized heavy equipment to meet the demands of vegetation management, storm response, and infrastructure maintenance,” said Thomas Wood, Assistant Vice President, Business Development at Wingspire Equipment Finance. “We were pleased to provide financing that supported the client’s equipment investment and growth strategy, and we look forward to building on this partnership.”

Wingspire Equipment Finance supports sponsor-backed, equipment-intensive businesses with capital solutions built around essential fleet needs, liquidity objectives, and long-term growth.

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  • For assets outside the US and Canada, the customer should have investment grade credit or equivalent.
  • However, if the customer doesn't meet these criteria, Anzu's financing partner may still consider financing if non-US/Canada assets comprise no more than 25% of the total collateral value for that respective borrower.

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For privately held companies without public debt, Anzu's financing partner will need the following:
  • 1) CPA-prepared financial statements for the last 2-3 years
  • 2) Current year's interim financials (year-to-date), plus comparable financials for the same timeframe last year.  Please include both income statements and balance sheets for these periods.
  • Upon receiving these items, Anzu's financing partner should be able to show your team some financing options within a few business days.
  • You can submit this form without this information and then coordinate with Capital Solutions on how to best get this information if the customer is interested in financing.

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Credit Tier A B C D
Existing Credit Rating(s) Fitch A- and above
Moody’s A3 and above S&P A- and above		 Fitch BBB+ to B-
Moody’s Baa1 to B3
S&P BBB+ to B-		 Rated by Fitch,
Moody’s or S&P but below B tier
Rating provided only by other agencies (e.g. Egan-Jones, Kroll, etc)		 Not rated by any external party
Publicly traded Yes, on major exchange
Market capitalization exceeds $1B		 Yes, on major exchange
Market capitalization between $100M and $1B		 Yes, on minor exchange No
How many employees does the customer have? 10,000+ 1,000+ 100+ Less than 100
Does the customer have a history of profitability? Yes Yes No No
Is the customer a US or Canadian government entity? Yes No No No

Please note that the table of above is illustrative only and solely for the purpose of enabling you to estimate the credit tier of the customer. Anzu Capital Solutions’ financing partner will determine the credit tier of the customer once documentation is submitted.