Accord Equipment Finance closed an $8.5 million lease facility for a PEG-owned manufacturing firm. The company faced numerous growth concerns, including a plant consolidation requiring new capital equipment and a high demand product line.

Accord Equipment Finance worked with management and the PEG sponsor to navigate through and structure the lease line of credit. A six-month delay draw feature allowed the company to order and fund equipment — all without exhausting its working capital or interfering with its senior secured credit facilities.

“Developing relationships with private equity owners who trust our approach to providing capital has been an important part of our success for over 20 years. Furthermore, serving both PEG owners and management gives AEF an opportunity to react quickly to unexpected news and support our clients,” Jeffry Pfeffer, president of Accord Equipment Finance, said. “We are proud to have helped this repeat private equity client with one of their newer portfolio company’s growth capital needs.”

Accord Equipment Finance provides equipment finance and term debt solutions to middle market companies seeking growth and liquidity. Accord Equipment Finance invests between $500,000 and $20 million across manufacturing, distribution, technology, energy and healthcare sectors throughout the U.S. and Canada.