Insight Investments and Harbor Capital Leasing Enter Partnership
FEB 3, 2021 - 6:56 am
Insight Investments and Harbor Capital Leasing entered a partnership to accelerate the growth and momentum of their leasing organizations. The partnership establishes a North American, privately-held and independent lessor with $1.2 billion in assets under management.
“Harbor Capital’s reputation in material handling leasing services is second to none. We are proud to partner with their team and expand our footprint in this space,” Chris Czaja, president of Insight Investments, said. “Broadening our scope with access into the material handling industry through Harbor Capital’s expertise and established relationships demonstrates Insight Investments’ commitment to becoming the clear leader in independent business equipment leasing.”
Under the partnership agreement, each company will continue to operate and serve customers independently. Harbor Capital Leasing will have access to the experience and expertise of Insight Investment’s three technology-related business units and will gain capital and logistical support to help grow its business. Insight Investments will obtain immediate entry into a new leasing asset class through its relationship with Harbor Capital Leasing.
“Harbor Capital is a leader in its field and poised for growth,” Jane Rethmeier, CEO of Harbor Capital Leasing, said. “Insight Investments has the resources and experience to provide us with the capital support we need to scale quickly. This is a significant competitive advantage, as it enables us to accelerate our business while staying focused on exceeding the expectations of our clients.”
Insight Investments’ financing organization delivers technology leasing solutions for businesses acquiring hardware, software and services. Harbor Capital Leasing is an independent equipment lessor that provides equipment finance, asset management and portfolio servicing for public and private sector companies, with a primary focus on material handling equipment.
“We have known Insight for many years and this partnership makes perfect sense,” Russ Cohen, president of Harbor Capital Leasing, said. “Both our companies take a hands-on approach to working with clients, addressing individual needs and providing comprehensive, transparent and flexible leasing arrangements. By coming together, we have created a formidable, truly independent alliance that can offer substantial additional value to our respective customers.”
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