Elevex Capital officially launched as a commercial equipment financing provider serving North America. Elevex leverages technologies such as embedded finance, machine learning and AI with the goal to offer fast and flexible financing solutions for essential equipment in a wide range of industries.
Elevex is led by industry veteran Jeffry Elliott, who brings over 30 years of sector experience and expertise across underwriting, tax, accounting, and credit. Most recently, Elliott held the position of president of the equipment finance division at The Huntington National Bank. Elliott is a recognized leader in the Equipment Leasing and Finance Association, the foremost organization representing the trillion-dollar equipment finance market, where he currently serves as treasurer and as a member of the board of directors.
Elliott recently sat down Monitor to discuss the vision and go-to-market strategy of Elevex Capital – Read the the article or Listen to the Podcast.
“By integrating cutting-edge technology with flexible financing solutions, Elevex is well-positioned to help businesses grow — especially those in underserved markets where conventional financing sources are insufficient,” Elliott said. “Our goal is to bridge the gap in commercial equipment finance, enabling businesses to secure the equipment they need without the complexities or delays associated with traditional lenders. Our capital markets and asset management capabilities are key differentiators.”
Elevex is backed by the Houston-based private equity firm Sallyport and benefits from a strategic partner with expertise in founding and scaling winning businesses, including multiple specialty finance companies.
“We’ve seen firsthand how the right management team, combined with a clear market opportunity, can create tremendous value,” Kyle Bethancourt, managing partner at Sallyport, said. “With Jeffry Elliott at the helm, Elevex has the leadership and vision to make a significant impact by addressing financing gaps and empowering businesses to thrive.”
