Equipment finance company GSG Financial financed record originations of $117 million in 2018. The growth came from both captive and captive outsourced equipment as GSG expanded its major account program.

With the launch of GSG Asset Management and Remarketing (GSG AMR), GSG saw significant interest from third party lessors for asset management services and was able to exceed 200% of residual realization on its own portfolio.

GSG President Andrew Bender commented, “With the asset expertise in GSG AMR and the expansion of our originations platform, we’ve proven the thesis behind becoming a captive. We were able to grow originations by almost 50% in 2018 and we’ve nearly doubled originations since 2016. I’m proud of what the team has accomplished and am excited about how we are positioned for expanded growth in the future.”

Since inception, GSG Financial has financed over $500 million.

“Asset managers look for multiple sources to bid their equipment, but don’t always pursue multiple actions. Rather than just wholesaling equipment or putting it out to bid, there’s an opportunity to rent or retail quality used equipment,” said Chris Meeks, GSG AMR’s senior vice president of Lessor Relations. “We’ve been working on educating the industry on both multiple source and multiple action opportunities. In 2018, we were able to put over 100 refurbished material handling assets back out on rent, creating additional value for our lessor partners as well as savings for our customers.”

GSG AMR services can be acquired as part of a complete solution or can be utilized individually. Core services include refurbishing, buying, selling and renting previously-owned material handling equipment. GSG AMR also supports lessor partners with front-end residual analysis support, logistics, inspections, appraisals/valuations and storage.