Blue Street Capital to Acquire Numerica Vendor Finance Business
MAR 4, 2019 - 7:05 am
Blue Street Capital acquired the vendor finance business of Numerica Capital. Blue Street plans to retain substantially all existing Numerica employees led by a seasoned management team with deep industry relationships and experience.
The Numerica team will also continue to operate from their current locations.
“It gives me great pleasure to welcome the Numerica team to the Blue Street Capital family,” said David Rhoads, Blue Street CEO. “Numerica is an industry powerhouse in the markets they serve and have excellent capabilities backed by an exceptionally talented and experienced team. In addition, the acquisition of Numerica nicely complements our ongoing strategic focus in technology to diversify the Blue Street Capital portfolio.”
“It was important to find a solid partner who can take care of our employees, clients and vendors. Blue Street is the perfect fit,” stated Aaron Rios, president of Numerica. “Our core values align with Blue Street’s. They are in a position to take the business to the next level for growth.”
Founded fifteen years ago and headquartered in Huntington Beach, CA Blue Street Capital is a nationwide provider of commercial equipment/technology financing and value-added exceptional services.
Rios founded Numerica Capital in 2010 as a specialist in cinema/television production equipment, wholesale bakery equipment and commercial office furniture industries.
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