Capteris, a large ticket equipment finance provider, committed a $50 million lease commitment to a sponsor-owned, nationally branded food manufacturer. The financing provides capital for a major expansion of a key production facility as part of the company’s broader growth strategy.
“The company and the financial sponsor were looking for a provider who understood the food industry and could provide a single source of capital to support this major initiative,” Rob Bakke, managing director of Capteris, said. “Our domain expertise combined with a full capital commitment provided the certainty our client needed to execute their growth strategy.”
