$12 Million Financing Propels Aerospace Manufacturer Forward

Author

Slice of Manufacturing Team
August 01, 2024

Key Highlights:

  • $12 million financing secured for a Tier 1 aerospace manufacturer.

  • Acquisition of new CNC machines and lathes to boost manufacturing efficiency.

  • Collaboration with private equity sponsor for tailored financing solutions.

  • Enhanced liquidity to explore higher-yielding opportunities.

  • Commitment to bespoke financial solutions for middle-market companies.

Source (Business Wire)

Notable Quote:

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“This project was a great representation of our ability to be a fit on multiple fronts for our clients. With great collaboration, we helped our client realize their financing needs under one roof. We are excited to see how this capital infusion will propel their business forward.”

Spencer Jakemer, Vice President at Wingspire Equipment Finance

Our Take:

Wingspire Equipment Finance's latest $12 million financing deal exemplifies their capability to provide customized financial solutions that address specific industry needs. By enabling a leading aerospace manufacturer to acquire advanced CNC machines and lathes, Wingspire not only enhances the company’s operational efficiency but also supports its growth trajectory. The collaborative approach with the private equity sponsor highlights Wingspire's strategic acumen in leveraging existing assets to improve liquidity and fuel expansion. This transaction underscores the importance of bespoke financial services in driving innovation and capacity growth within the aerospace sector.