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Stonebriar Commercial Finance closes a $17.5 million lease

Stonebriar Commercial Finance announced the closing of a $17.5 million sale and leaseback of certain manufacturing and distribution center related equipment for K&N Engineering, a leading branded automotive air filter and air intake systems manufacturer and portfolio company of funds managed by Goldman Sachs Asset Management (“Goldman Sachs”). The lease proceeds provided the company with additional liquidity for general corporate purposes to support the company’s growth and manufacturing expansion to a new, state-of-the-art manufacturing facility located outside Dallas, TX.

Michael Gay, Stonebriar’s Sr. Managing Director of Sponsor Finance Group, stated, “As one of the industry’s most widely recognized brands, we are proud to support K&N, as well as continue our success across the private equity community. We value the significant support from its sponsor, Goldman Sachs, and its vision to further enhance enterprise value.” 

Ron Linn, Stonebriar Vice President, added, “We have immense faith in this management team’s ability to continue K&N’s growth plans, specifically its expansion to the new facility, where our leased assets are a critical component.”

Simon Kubbies, Vice President of Goldman Sachs, stated, “We’re pleased to complete this important financing for K&N with Stonebriar’s Sponsor Finance Group. Stonebriar delivered a unique solution to K&N and we appreciate their expertise in structuring a compelling transaction that will support the company’s future growth.”

About Stonebriar Commercial Finance: Stonebriar, an Eldridge business based in Plano, TX, is 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

About Eldridge: Eldridge invests in businesses across the Insurance, Asset Management, Technology, Mobility, Sports & Gaming, Media, Real Estate, and Consumer landscapes. The firm seeks to build and grow businesses 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, please visit 

About Goldman Sachs: Goldman Sachs is one of the world’s leading investors in alternative investments. With over 30 years of experience, we invest in the full spectrum of alternatives, including private equity, growth equity, credit, real estate, infrastructure, ESG, and absolute-return strategies. Our clients access these solutions through our direct proprietary strategies, customized strategic partnerships, and open-architecture programs. Our alternative investment teams represent over 1,000 professionals, across 31 offices around the world. We leverage the depth and breadth of global relationships across Goldman Sachs to identify investment opportunities, drawing on our firm-wide capital market insights, industry research, and risk management platforms. We extend these capabilities to the world’s leading pension plans, sovereign wealth funds, governments, financial institutions, endowments, foundations, family offices and individuals, for which we invest or advise on over $300 billion of alternative investments. For more information please visit

For more information contact:

Michael Gay:                          (415) 518-1312 

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Stonebriar Commercial Finance