ATLANTA – August 22, 2023 — Wingspire Capital LLC (“Wingspire”) co-agented a senior secured financing for Versar, Inc. (“Versar”) to refinance a previous credit facility and to provide capital for its acquisition of the Operations & Maintenance division of Louis Berger Services (“LBS”).
The credit facility, which was co-agented by Star Mountain Capital, included a revolver and a first lien term loan.
Versar, founded in 1969 and backed by Kingswood Capital Management, is a global engineering, environmental, and security services company that provides high-value solutions to vital programs of its end customers. The acquisition of the division of LBS further expands its business into government contracted operations and maintenance services including airfield base and ground operations, infrastructure, and logistics.
Wingspire was created by a team of industry leading finance professionals with a vision of building a firm driven by the mission of putting each client’s perspective and needs first. Wingspire provides thoughtful and creative loans tailored to the specific circumstances of each client, delivered in a transparent and professional manner.
ABOUT WINGSPIRE CAPITAL
Wingspire Capital offers one-stop solutions of up to $200 million for middle market companies, including revolving lines of credit, cash flow loans, fixed asset term loans, first-out term loans & revolvers, equipment leases, and sale leasebacks. Industries financed include business services, consumer products, e-commerce & retail, food & beverage, manufacturing, distribution, transportation & logistics, automotive, technology applications and financial services.
Wingspire Capital is a portfolio company of Blue Owl Capital Corporation (NYSE: OBDC). OBDC is externally managed by Blue Owl Credit Advisors LLC, an indirect affiliate of Blue Owl Capital, Inc. (NYSE: OWL). Blue Owl Capital, Inc. is a global alternative asset manager with $150 billion of assets under management as of June 30, 2023. For further information about Wingspire Capital, visit www.wingspirecapital.com.
ABOUT STAR MOUNTAIN CAPITAL
With approximately $3.5 billion in assets under management as of July 31, 2023, Star Mountain takes a data-driven approach to investing into the North American lower middle-market through two complementary investment strategies: (i) direct debt and equity investing and (ii) secondaries such as acquiring LP interests and direct assets and making primary LP commitments. Star Mountain believes its focus and dedication has been productive for job creation and economic development. Star Mountain is dedicated to this large market of underserved businesses purpose-built to address the challenges and opportunities of these companies. Learn more at www.starmountaincapital.com.
ABOUT KINGSWOOD CAPITAL MANAGEMENT
Kingswood Capital Management (“Kingswood”) is a private investment firm primarily focused on investing in businesses in transition. In addition to access to capital, Kingswood brings relevant industry relationships and a broad network of internal and external operating resources that can strengthen the businesses it partners with and enhance value. Kingswood has extensive experience with complex transactions where it provides tailored solutions that balance the objectives of all constituents. For more information, please refer to the Kingswood website at www.kingswood-capital.com.