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Wingspire Capital Provides $40MM Revolver to Corsicana Mattress Company

June 16, 2021, 08:10 AM
Filed Under: Manufacturing

Wingspire Capital provided a $40 million senior secured revolving credit facility to Corsicana Mattress Company as the mattress manufacturer repositions itself for growth.

The revolver is part of a broader recapitalization that included the acquisition of Symbol Mattress, which allows Corsicana to further diversify its product offering. Corsicana designs and produces handcrafted mattresses in the United States under brand names including American Bedding, Renue and Nightsbridge.

“Wingspire Capital is pleased to support Corsicana’s growth as the company gains new product lines and works hard to meet the growing demand in the industry,” said Will Bence, Managing Director at Wingspire Capital.

Corsicana is a portfolio company of Long Point Capital, a private investment firm that invests in founder, family and management owned companies.

“We enjoyed working with an innovative partner like Wingspire Capital on a flexible and creative capital structure that meets the needs of all stakeholders and positions Corsicana for continued growth and success,” said Eric Von Stroh, Partner at Long Point Capital.

Leading middle market investment bank Capstone Partners advised Corsicana on the transaction.

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