Townsend Street Capital and HighGrove Companies Invest in Spire Collective

September 14, 2023

Townsend Street Capital, in partnership with HighGrove Companies, has acquired a controlling interest in Spire Collective (dba Spire), a Troy, Virginia-based designer and engineer of outdoor gear storage and garage organization products. Midwest Mezzanine Funds and Oxer Capital provided subordinated/unitranche debt financing and also co-invested alongside the sponsors; Spire’s founders and management will remain in leadership and retain a meaningful ownership stake to support the company’s next phase of growth.

Buyers
Townsend Street Capital, HighGrove Companies, Midwest Mezzanine Funds, Oxer Capital
Targets
Spire Collective (dba Spire, LLC)
Location
Virginia, United States
Transaction Type
Buyout

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