Utica Equipment Finance announced the closing of a $1 million capital lease, secured by specialized oilfield equipment, for a Colorado-based company specializing in oil well completions and fluid pumping services. This strategic financing will enable the company to acquire additional assets, significantly enhancing their operational efficiency and capacity.
The lease will fund the acquisition of a diverse set of equipment including truck tractors, pump trailers, coil tubing reel trailers, nitrogen trucks, frac pump trailers, step deck trailers, and related spare components. This expanded asset base positions the company to meet increasing industry demand and support ongoing growth initiatives.
This transaction underscores Utica’s commitment to delivering tailored financial solutions and supporting long-term client relationships within the energy sector.
