Wingspire Capital agented a $50 million senior secured credit facility to Conserv Capital (“Conserv”) which provides equipment financing for small to mid-sized businesses in the construction industry and for independent owner-operators in the long-haul trucking industry.

Conserv has more than 750 customers who finance their equipment purchases from manufacturers including Caterpillar, John Deere, Komatsu, Bobcat, Hyundai, Kubota, Doosan and others.

Proceeds are being used to purchase a portfolio and increase operating leverage to support future growth.  Conserv is sponsored by Blue Elephant Capital Management and was advised by Oppenheimer & Co. Inc. on the transaction.

For more equipment finance industry news, visit Equipment Finance Advisor.