North Mill Equipment Finance (NMEF), an independent commercial equipment lender and lessor headquartered in Norwalk, CT, reported $1.8 billion in total originations for 2025, including syndicated volume of $566 million. The record originations resulted in a doubling of assets under management to $2.4 billion.
Full-year record originations were driven by a series of targeted strategic actions, including the acquisition of Pawnee Leasing, the purchase of the Midland Equipment Finance portfolio and the origination and syndication of assets through a joint venture with Oaktree Capital Management focusing on fair market value (FMV) leases.
“2025 demonstrated the durability and scalability of our platform,” David Lee, chairman and CEO of NMEF, said. “We continued to diversify origination sources, deepen our FMV and syndication capabilities, and integrated strategic acquisitions, all while maintaining disciplined underwriting and operational rigor. NMEF was able to execute on these transactions with speed, structural creativity and offering certainty of close, reinforcing its position as a flexible and reliable capital partner”
Mark Bonanno, president and chief revenue officer of NMEF, added, “Syndication activity was a significant contributor to 2025 results, with approximately $566 million syndicated across multiple initiatives. Our syndication strategy is designed to deliver consistent execution and alignment for our partners. By combining origination expertise with thoughtful risk distribution, we’re able to support larger transactions, move with speed and certainty, and create durable value across the capital structure.”
Tom Lyle, chief operating officer of NMEF, concluded, “Operationally, 2025 was defined by execution. We integrated acquisitions, optimized portfolios and scaled infrastructure in line with a clear operating plan. The consistency of that execution underpinned both the doubling of assets under management and a record year for NMEF.”
Looking ahead, NMEF stated it will remain focused on disciplined growth, portfolio quality and continued investment in scalable platforms to support long-term expansion.
