Wingspire Capital has provided a senior secured credit facility to TAG Manufacturing, a Chattanooga, Tenn.-based designer and manufacturer of attachments for construction equipment including buckets, thumbs and couplers.
The financing package includes a revolver and first-out term loan and was part of a broader transaction led by Piney Lake Capital Management, according to an April 28 release by Atlanta-based Wingspire. The capital is intended to give TAG flexibility in manufacturing and delivery.
Founded in 2005, TAG produces construction attachments at its facilities in Tennessee and serves infrastructure and construction projects nationwide, according to the release.
Wingspire Capital, a portfolio company of Blue Owl Capital Corp., provides credit up to $200 million to middle-market companies across industries including manufacturing, healthcare, logistics and technology. Blue Owl Capital is a global alternative asset manager with $250 billion of assets under management as of Dec. 31, 2024.
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