Encina Equipment Finance changed its name to Post Road Equipment Finance. As part of the name change, the company has revamped and redesigned its website to incorporate the new company name.
The name change comes on the heels of an extremely successful first year under new ownership by affiliates of Benefit Street Partners. “I couldn’t be happier with the performance of the team. Despite the headwinds that started right after we closed on the business sale, we delivered record results by all measures. First, it was Ukraine/Russia, then accelerating interest rate increases, followed by sustained inflationary pressures,” Rick Matte, president and CEO of Post Road Equipment Finance, said. “And yet, in the face of those challenges, we produced some incredible numbers, originations increased 36% from last year, net earning assets increased 22% and we had no credit losses.”
For the broader team, the name change marks a transition to a new identity and future while also paying tribute to the company’s origin and history. “We spent a good part of the year thinking through different names. Ultimately, we selected Post Road Equipment Finance as the name has a special connection to our current team, our past ownership and new ownership,” said Matte.
While the business’s name is changing, nothing about the company’s structure, business model or ownership is changing. Post Road Equipment finance will continue to focus on creative solutions, risk management and relentless execution for our customers while delivering on commitments to its stakeholders, as the company has done since its founding in 2017.
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