ATLANTA – June 14, 2022 — Wingspire Capital LLC (“Wingspire”) provided a revolver as part of a unitranche senior credit facility to Gehl Foods, LLC (“Gehl”).
The proceeds were used to refinance previous debt and to fund an acquisition that expands Gehl’s manufacturing capabilities. Gehl is a pioneer in low-acid aseptic processing for shelf-stable beverages, as well as cheese and other sauces used in stadiums, convenience stores and quick service restaurants across the U.S.
“Wingspire Capital was pleased to provide the creativity and flexibility necessary to close this transaction, facilitating Gehl’s ability to complete a strategic acquisition and position the company to execute on its growth plans,” said Will Bence, Managing Director at Wingspire.
Gehl, which is based in Germantown, WI, is a portfolio company of Wind Point Partners in Chicago. Wingspire worked closely with Wind Point Partners, Gehl’s executive leadership team and its advisor, Lincoln International LLC, to structure, underwrite and close the transaction.
ABOUT WINGSPIRE CAPITAL
Wingspire Capital is a middle market-focused, asset-oriented specialty finance firm that provides senior 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. 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 Atlanta-based Wingspire, visit wingspirecapital.com.