Tustin, California, July 25, 2024 — Wingspire Equipment Finance proudly announces a $12,000,000 equipment financing to a leading aerospace manufacturing company. The Tier 1 aerospace manufacturer is known for producing specialized components and its capabilities in sheet metal fabrication, precision machining, and complex assemblies.
Through a collaborative effort with the company and its private equity sponsor, Wingspire Equipment Finance developed a solution tailored to their unique requirements.. This financing initiative supports the acquisition of new CNC machines and lathes, expanding and enhancing the efficiency of the company’s manufacturing processes.
The sponsor’s strategy involved financing new equipment and leveraging assets through Wingspire Equipment Finance. By leveraging existing equipment, the aerospace portfolio company secured a cash influx, enabling it to explore higher-yielding opportunities. This approach improves liquidity while supporting the company’s goal of increasing its manufacturing capacity.
Spencer Jakemer, Vice President at Wingspire Equipment Finance, expressed enthusiasm about the opportunity, stating, “This project was a great representation of our ability to be a fit on multiple fronts for our clients. With great collaboration, we helped our client realize their financing needs under one roof. We are excited to see how this capital infusion will propel their business forward.”
This transaction underscores Wingspire Equipment Finance’s commitment to providing bespoke financial solutions for sponsor-backed, middle market companies and meeting the aerospace industry’s dynamic equipment acquisition needs.
