Stonegate provides $5 mln financing to Gearbox


Stonegate has provided a $5 million credit facility for Gearbox. The capital will be used to support Gearbox’s liquidity needs and growth. Based in Mukwonago, Wisconsin, Gearbox repairs, rebuilds and remanufactures wind turbine gearboxes and gearbox parts.

PRESS RELEASE

Stonegate has closed on a $5MM senior credit facility for Gearbox Express, LLC. Based in Mukwonago, Wisconsin, Gearbox repairs, rebuilds, and remanufactures wind turbine gearboxes and gearbox parts. Stonegate Capital worked with management to provide a more flexible revolving facility that will better support the Company’s long-term liquidity needs and anticipated growth.

“The team at Stonegate took the time to understand the pressure points of our business. We recently co-developed a custom product at a competitive price point that will allow us to expand while operating efficiently. Stonegate patiently worked alongside of us throughout this process to customize a debt facility that will best support our expected growth. It’s rare to find all these qualities from one lender,” said Brian Hastings, CFO at Gearbox.

Jay Fabian, Director at Stonegate added, “Gearbox is backed by committed ownership and management and we are extremely excited to work with the Company as they successfully execute on their operating plan. We look forward to supporting their transformative new business relationships that will be fostered via the high-quality products for which Gearbox is widely known in the marketplace.”

For additional details regarding Stonegate Capital’s investments, please contact us directly at: www.sghcap.com