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Wingspire Capital Provides $50MM Senior Secured Loan to Vantage Mobility International

January 21, 2021, 08:26 AM
Filed Under: Manufacturing

Wingspire Capital provided a $50 million senior secured revolving credit facility to Vantage Mobility International (“VMI”), a leading manufacturer of wheelchair accessible vans with in-floor ramp systems.

VMI is using the proceeds to finance its inventory of vans purchased from original equipment manufacturers and fund its normal working capital cycle.

“Wingspire is proud to support VMI who, with genuine care for the disabled community, manufactures products that provide their customers with innovative leading-edge mobility products,” said John Rosin, President & COO of Wingspire Capital.

Phoenix-based VMI is a portfolio company of middle market private equity firm Nautic Partners.

“We welcome the opportunity to partner with Wingspire and lean on their creativity and nimbleness so VMI has the strategic flexibility it needs to take its business to the next level,” said Nicholas Vidnovic, Vice President at Nautic.

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