Utica Equipment Finance completed an $8 million capital lease transaction for an equity group owned wood processing company with multiple locations in the South. The company transforms urban wood, construction debris and yard waste into soil-regenerating compounds, organic compost, blended soils, mulch and energy pellets on an industrial scale.
The company was started with the acquisition of two existing companies and it completed a third acquisition mid-way through 2022 to expand locations. Utica’s funding allowed the company to recover working capital from these capital expenditures.
