Stonebriar Commercial Finance Closes a $55 Million Lease Facility

September 10, 2019

Source: Stonebriar Commercial Finance announced the closing of a $55 million equipment lease facility with a private equity owned manufacturer of ceramic fiber products and specialty microfiber materials.

Stonebriar Commercial Finance announced the closing of a $55 million equipment lease facility with a private equity owned manufacturer of ceramic fiber products and specialty microfiber materials.  Through manufacturing plants worldwide, the lessee makes and markets engineered products serving a diverse customer base across broad global end markets.

The lease facility supported the construction of a new manufacturing line as well as the monetization of an existing line via a sale-leaseback. Both manufacturing lines represent expansion capacity as demand for the finished goods continues to increase.

John Cyphers, Stonebriar managing director, stated, “For over a century this well managed enterprise has successfully engineered and manufactured specialty products critical to its customers’ operations. The subject manufacturing lines are essential to the continuity of this exceptional performance history.” Jon Dahlfors, Stonebriar investment analyst, added, “We take great comfort in this company’s long and impressive history, its proven management team and committed ownership, the strength and structure of its balance sheet, the contracted market demand for its products and the integral role these lines play in getting them to market.”

About Stonebriar Commercial Finance

Stonebriar’s parent is an Eldridge Industries portfolio company based in Plano, TX, and a leading provider of financing solutions for businesses in a wide variety of industries, of various sizes and credit profiles.  Stonebriar leases and finances assets located primarily in North America and select other jurisdictions worldwide currently through 5 distinct platforms—General Equipment, Aviation Capital, Rail Leasing, Real Estate and Sponsor Finance.  To learn more about Stonebriar Commercial Finance please visit www.StonebriarCF.com

About Eldridge Industries

Eldridge Industries is a private investment firm specializing in providing both debt and equity capital. Eldridge invests across diversified industries with a focus on media and sports, insurance, real estate development, asset lending and financing, branded food and hospitality, and asset management businesses.  In particular, the firm seeks to build and grow companies led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York, and London. To learn more about Eldridge Industries please visit www.Eldridge.com

For more information contact:

Kyle Parks:                          (469) 609-8525   Kyle.Parks@StonebriarCF.com

John Cyphers:                   (410) 925-6445   John.Cyphers@StonebriarCF.com