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. Terms of the transaction were not disclosed and the acquisition is expected to close on June 30.
“We are excited to announce the agreement to acquire Liberty, a company that complements our existing business and our growth strategy. This acquisition will integrate best-in-class originations and syndication teams to our existing equipment finance offering and broadens our reach within the middle-market customer base,” David Wisen, co-founder and CEO of Wingspire Capital, said.
Since inception in 2017, Liberty Commercial Finance has originated more than $1.3 billion in total equipment finance volume and built a diversified portfolio across industries. Liberty Commercial Finance provides both direct financing and syndications. The company’s underwriting, originations and capital markets teams are all headed by veterans under the direction of Eric Freeman, founder and CEO of the company. Freeman will continue to run Liberty Commercial Finance under the Wingspire Equipment Finance platform, with a headquarters office based in Tustin, CA.
“We could not have found a better partner in Wingspire. The company culture, strong leadership and institutional values align well with Liberty. The next phase of our growth starts now,” Freman said.
Wingspire Capital is a portfolio company of Owl Rock Capital, a publicly traded business development company that is externally managed by an indirect subsidiary of Blue Owl Capital.
“We are very pleased to see Wingspire’s continued growth and success. The combined company will create a premier equipment finance platform that can deliver tailored financial solutions to middle-market companies and their private equity sponsors,” Craig Packer, a co-founder of Blue Owl Capital and CEO of Owl Rock Capital, said.