Copley Equity Partners Invests in North Star Leasing
FEB 7, 2018 - 6:00 am
Copley Equity Partners, a private investment firm and single-family office, completed a majority investment in North Star Leasing, a provider of equipment financing solutions for businesses in a variety of industries. Daniel Feeney, North Star Leasing’s CEO and president, will continue to lead the company. Financial terms of the transaction were not disclosed.
Founded in 1979 and headquartered in Burlington, VT, North Star Leasing provides specialized lease solutions for customers across numerous industries including automotive, healthcare, pet-supply and restaurant. North Star works with thousands of equipment vendors, manufacturers and resellers to help end customers finance and access mission critical pieces of equipment. In recent years, North Star has grown its asset base by a 20% annualized growth rate and nearly quadrupled its workforce.
“We’re thrilled to have Copley Equity Partners join the North Star team as we continue on our aggressive growth plan,” Feeney said. “The availability of capital through Copley will allow us to take advantage of the much fragmented industry and help bring our business to an exciting new level.”
“North Star Leasing has experienced tremendous growth and has become one of the leading companies in the micro-ticket leasing sector,” said Peter Trovato, managing partner at Copley Equity. “We’re proud to be partnering with Dan Feeney and the entire North Star team to help support their expansion for many years to come.”
Copley will be represented on North Star Leasing’s board of directors by Peter Trovato, Andrew Miller and Matthew Bryson.
Ernst & Young acted as the financial advisor to Copley Equity Partners and Perkins Coie provided legal counsel. Colonnade Securities acted as the transaction advisor to North Star Leasing and Downs Rachlin Martin provided legal counsel.
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