Dallas-based investment banking firm Barrier Advisors reports that it served as the exclusive financial advisor to Wingspan Portfolio Holdings Inc. during the firm's acquisition of Dimont & Associates, which closed May 21.
Barrier Advisors played a dual role in brokering the transaction, serving as both the buy-side and capital markets advisor for Wingspan, a wholly owned subsidiary of Wingspan Portfolio Holdings Inc.
"Barrier provided critical insight into our buy-side efforts and obtained debt financing that strategically fit our needs,’ said Steven Horne, CEO and president of Wingspan, in a release. ‘They partnered us with highly reputable capital providers that understood our industry and business and who want to be capital partners for the long term.’
Barrett Kingsriter, head of investment banking for Barrier Advisors, said Wingspan ‘secured both a strategically important acquisition and an attractive financing structure with respected financial partners, whose commitment confirmed the company's long-term value and business development opportunities.’
‘For Barrier, it allowed us to continue supporting the growth and expansion of the combined entity,’ he added.
BMO Harris Bank, Fifth Third Bank, F&M Bank and THL Credit provided the financing.
Kingsriter and Gene Wallace, managing director of Barrier Advisors, served as the investment bankers in the transaction.