Armada Credit Group acquired certain assets from Axis Equipment Finance on Aug. 16, 2024, including, but not limited tom key personnel, customer relationships and the assumptions of Axis’s position with strategic business partners.
The acquisition presents an opportunity to add a mature, high-performing origination team and platform that Armada’s management expects to be immediately accretive. Axis’s market approach, customer base and funding relationships are complementary to Armada’s existing business lines, according to Armada co-managing director, Bill Tsiobanos. Additionally, Armada offers Axis’s stakeholders access to the United States and United Kingdom through Armada’s subsidiaries in each market.
“Bill and I, as well as our terrific team, invested in Armada’s infrastructure with the goal of fostering sustainable, responsible growth from our hybrid funder/broker equipment financing originator platform,” Danny Lebovics, co-managing director of Armada, said.
“Based on its track record, excellent reputation and solid operating fundamentals, we believe Armada is the right choice to continue the business of Axis that we developed and nurtured,” Todd Hudson, CEO of Axis’s parent company, Axis Auto Finance, said.
Juno Financial acted as financial and strategic advisor to Armada on the acquisition.
“The acquisition provided key learnings that will help optimize Armada’s roadmap and template for further expansion,” Chris Henderson, president and CEO of Juno Financial, said.
