In Q3/16, Ascentium Capital obtained a 30% increase in originations over the same period last year.

“We are investing in our product offering and delivery of exceptional service by implementing new technologies that enable us to capture new revenue in high-growth markets,” said Tom Depping, CEO of Ascentium Capital. “We will also continue to deploy capital to position Ascentium Capital as the financier of choice in the equipment leasing and small business financing sectors.”

Highlights for the quarter included sustained strength in key areas including technology, commercial vehicles and healthcare. “The strategic investments in our diversified business model resonate with our equipment vendors and small business clients,” said Richard Baccaro, chief sales and marketing officer.

Additionally, Ascentium Capital was recently acquired by private equity firm Warburg Pincus.