CapX Partners, a middle-market equipment finance provider, completed a $27 million equipment lease facility for a Midwest-based client. The facility supports the acquisition of mission-critical equipment, enabling the company to continue its plans for growth.
To complete the transaction, the CapX Capital Markets team engaged a peer independent equipment lessor partner to fund $15 million while CapX increased its position to $12 million, having previously provided support for the business’s financing needs.
“We are pleased to be able to satisfy a client’s growth needs during COVID-19 by leveraging our capital markets capabilities and bringing in a trusted partner to complete the transaction,” Jeffry Pfeffer, managing partner of CapX Partners, said. “Our capital markets team, consisting of Barrett Carlson, partner; Jeff Armstrong, director; and Ryan Smith, associate, worked hard to get the facility funded by end of the second quarter.”
CapX Partners provides equipment finance and term debt solutions to middle market companies seeking growth and liquidity.
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