Commercial Credit Group purchased the machine tool finance business of Manufacturers Capital, expanding into the machine tool and manufacturing industry. With the closing of the transaction, the Manufacturers Capital team will operate as a division of CCG.

“The acquisition of Manufacturers Capital, an independent, industry leader, allows us to expand into a new, yet similarly structured market to our existing business, led by a very accomplished group of professionals,” said Dan McDonough, CCG co-founder and CEO. “Many senior managers of CCG have previously worked with Mr. Goose and the Manufacturers Capital team and I cannot think of a better cultural fit to further enhance our growth opportunities.”

“CCG’s significant funding capabilities and operating scale enable us to enhance our industry-leading customer experience by offering an extensive selection of financing options. The similarities in our cultures and senior management provides for a seamless transition to our new partner. The entire Manufacturers Capital team is excited to become part of the CCG family,” said David Goose, senior vice president.

Manufacturers Capital provides commercial loans and leases for machine tool and fabrication equipment to manufacturing companies located throughout the U.S.

Commercial Credit Group is an independent, commercial equipment finance company that provides secured loans and leases to small and mid-sized businesses in the construction, fleet transportation, machine tool and manufacturing and waste industries.