ATLANTE, 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 holding 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 origination platform that has a national market presence and provides equipment financing solutions to mid-market companies. Terms of the transaction were not disclosed and the acquisition is expected to close on June 30th.
“We are delighted to announce the agreement to acquire Liberty, a company that complements our existing business and our growth strategy. This acquisition will integrate the best origination and syndication teams into our existing equipment financing offering. and expand our reach within the market’s customer base,” said David Wissenco-founder and CEO of Wingspire Capital.
Since its creation in 2017, Liberty was born on $1.3 billion of the total volume of equipment financing and builds a diversified portfolio in all sectors. Liberty provides both direct financing and syndications, allowing it to offer flexible, customer-centric solutions and respond dynamically to changing market conditions. The firm’s underwriting, origination and capital markets teams are all led by seasoned veterans under the leadership of Founder and CEO, Eric Freeman. Mr. Freeman will continue to lead Liberty Commercial Finance under the Wingspire Equipment Finance platform, with headquarters based in Tustin, California.
“We couldn’t 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 FreemanFounder and CEO of Liberty Commercial Finance.
“We are very pleased to see the continued growth and success of Wingspire. The combined company will create a leading equipment finance platform capable of providing tailored financial solutions to mid-market companies and their equipment sponsors. private equity,” said Craig Packerco-founder of Blue Owl Capital and chairman and CEO of Owl Rock Capital Corporation.
ABOUT WINGSPIRE CAPITAL
Wingspire Capital is a middle-market focused, specialty finance company that provides asset-backed credit facilities to companies across all industries. Our extensive experience across all debt products and industries allows our company to be creative and flexible in our approach, and the lender of choice for businesses at all stages of growth and complexity. Commitments for our credit facilities range in size from $20 at $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 at March, 31st2022. For more information on Wingspire, visit wingspirecapital.com.
ABOUT LIBERTY COMMERCIAL FINANCE
Liberty Commercial Finance provides highly competitive equipment financing, with transactions ranging from $1 million at $50 million, and solutions designed primarily for mid-market businesses across many industries nationwide. Liberty was founded in 2017 by an equipment finance veteran Eric Freeman, and is led by a team with over 250 years of combined experience. Learn more about Liberty at libertycommercial.com.
Media contact for Wingspire Capital
Mary Jane Creder of the Crédeur Group
+1-404-317-2718 | [email protected]
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