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Wintrust CF Provides $40MM in Financing for Crane Services Firm

April 10, 2019, 07:20 AM

Wintrust Commercial Finance (WCF) announced the closing of $40 million in debt financing for one of the leading crane and construction services firms in North America. WCF holds approximately $20 million of the transaction and successfully syndicated the remaining $20 million.

The funds were used to purchase a variety of equipment to maintain and supplement the company’s growing fleet of cranes, forklifts, jacks, anchors, hoists and generators. WCF’s Irvine, CA, sales team, led by Vice President Robert Harris, worked closely with WCF’s capital markets team, led by Senior Vice President Tom Forbes, to fund and syndicate the transaction.

“Our Direct Sales Originator Brian Fyffe has an excellent relationship with the client and was able to secure the opportunity for WCF to demonstrate its ability to deliver services and, in working with Vice President of Capital Markets Justin Clark, generate additional capacity through syndication,” said Harris.

“Our West Coast team is really hitting its stride,” said Forbes. “Landing this large opportunity where WCF was able to execute utilizing its full suite of capabilities was a significant milestone in the team’s evolution and a nice win for our capital markets initiative.”
Since its inception in 2015, WCF has provided more than $1.2 billion in financing for its customers and strategic relationships. WCF is an equipment-focused financing group, headquartered in Frisco, Texas. WCF, a division of Wintrust Asset Finance Inc., is a business unit of Wintrust.

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