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)
- Industry
- Consumer Products
- Location
- Virginia, United States
- Transaction Type
- Buyout
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