Wingspire Capital agented a $50 million senior secured credit facility for Conserv Capital, a provider of equipment financing for small to mid-sized businesses in the construction industry and for independent owner-operators in the long-haul trucking industry.
Conserv Capital has more than 750 customers who finance their equipment purchases from manufacturers including Caterpillar, John Deere, Komatsu, Bobcat, Hyundai, Kubota, Doosan and others.
Conserv Capital will use proceeds from the Wingspire facility to purchase a portfolio and increase operating leverage to support future growth. Conserv Capital is sponsored by Blue Elephant Capital Management and was advised by Oppenheimer on this transaction.
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