Capteris, a large ticket equipment finance provider, closed a $10 million lease line for a private equity owned professional landscape management firm. The transaction included a combination of both new and existing assets as the company focuses on leveraging recent equipment purchases to help fund strategic acquisitions as part of their broader growth strategy.
“Our risk and operations teams approved, documented, and funded within a week of getting the mandate. A flawless execution and simple closing process were essential to the CFO, as their focus is on making and integrating acquisitions, not getting bogged down in traditional equipment financing closing processes,” Rob Bakke, managing director, sponsor coverage team at Capteris, said. “As the company continues to expand both organically and via acquisition, Capteris will support future capital needs with a long-term relationship approach. Specifically, delivering large commitments and a simplified closing process.”
