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Wingspire Capital to Acquire Liberty Commercial Finance

June 29, 2022, 07:22 AM
Filed Under: Mergers & Acquisitions

Wingspire Capital Holdings LLC announced an agreement to acquire Liberty Commercial Finance LLC. Wingspire Capital is a portfolio company of Owl Rock Capital Corporation, a publicly traded business development company that is externally managed by an indirect subsidiary of Blue Owl Capital Inc.

The acquisition will provide Wingspire Capital with a high-growth direct originations platform that has a nationwide market presence 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,” said David Wisen, co-founder and CEO of Wingspire Capital.

Since inception in 2017, Liberty has originated over $1.3 billion in total equipment finance volume and built a diversified portfolio across industries. Liberty provides both direct financing and syndications, allowing it to offer flexible, customer-centric solutions and dynamically respond to changes in market conditions. The company’s underwriting, originations and capital markets teams are all headed by seasoned veterans under the direction of founder and CEO Eric Freeman. 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,” said Freeman.

“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,” said Craig Packer, a Co-Founder of Blue Owl Capital and the Chief Executive Officer of Owl Rock Capital Corporation.

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