CG Commercial Finance has provided equipment lease financing totaling slightly more than $12.6 million for air movers, liquid-vacuum trucks, cranes and hydro-blasters used to service the chemical and oil and gas industries.
The transactions were completed through a series of 32 schedules varying from $270,000 to $930,000 over the course of the last 12 months.
The lessee, a private equity sponsored industry leader in hazardous waste management and industrial services with over 90 facilities spread throughout the country, chose CGCF due to its demonstrated ability to consistently overcome transaction challenges while delivering a high level of customer service and satisfaction.
“The reality is that private equity backed companies have far fewer financing alternatives available to them, especially given the uncertainty of larger lenders participating in this segment,” said W. Scott McCullum, president of CG Commercial Finance. “This transaction is not only a great example of CGCF stepping in to fill the financing gap in the private equity space but also cements a long standing trusted relationship with this lessee.”
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!