Macquarie Group officially closed its planned acquisition of Advantage Funding on July 31. The acquisition was originally announced in May.

Advantage Funding serves commercial and vocational vehicle operators, dealers and manufacturers nationwide. In a release, Advantage’s president and CEO indicated that Macquarie’s complementary leasing and financing expertise would be conducive to the strategic growth plans of both companies.

Advantage Funding, founded in 1997, got its start by providing financing for commercial vehicles, such as ambulances, limousines and motor coach buses. In recent years, however, the firm has expanded to meet the needs of operators and dealers of vocational trucks typically used in municipal, industrial and construction operations.

The acquisition by Macquarie will enable Advantage to build on the strength of its streamlined operations to provide a broader spectrum of products and services to our customers.