ATLANTA, June 28,
2022 /PRNewswire/ -- Wingspire Capital Holdings LLC
("Wingspire Capital") today announced an agreement to acquire
Liberty Commercial Finance LLC ("Liberty"). 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. Mr. Freeman will
continue to run Liberty Commercial Finance under the Wingspire
Equipment Finance platform, with a headquarters office based in
Tustin, California.
"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
Eric Freeman, Founder and CEO of
Liberty Commercial Finance.
"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.
ABOUT WINGSPIRE CAPITAL
Wingspire Capital is a middle market-focused, specialty finance
firm that provides asset-backed credit facilities to businesses
across all industries. Our depth of experience across all
debt products and industries enables our firm to be creative and
flexible in our approach, and the lender of choice for companies
across all stages of growth and complexity. The commitments for our
credit facilities range in size from $20 to $200
million.
Wingspire is a portfolio company of Owl Rock Capital Corporation
(NYSE: ORCC), which is externally managed by Owl Rock Capital
Advisors LLC, an SEC-registered investment adviser and part of Owl
Rock. Owl Rock is a division of Blue Owl Capital (NYSE: OWL), an
alternative asset manager with approximately $102 billion of assets under management as of
March 31, 2022. For further
information about Wingspire, visit
wingspirecapital.com.
ABOUT LIBERTY COMMERCIAL FINANCE
Liberty Commercial
Finance provides highly competitive equipment financing, with
transactions ranging from $1 million
to $50 million, and solutions
tailored primarily to middle market companies across numerous
industries nationwide. Liberty was founded in 2017 by equipment
financing veteran Eric Freeman, and
is led by a team with more than 250 years of combined experience.
Learn more about Liberty at libertycommercial.com.
Media contact for Wingspire Capital
Mary Jane Credeur of The Credeur Group
+1-404-317-2718 | mj@credeurgroup.com
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SOURCE Wingspire Capital