Kapitus Acquires Ten Oaks Commercial Capital and Launches Equipment Financing Arm



Kapitus, a provider of financing for small- and medium-sized businesses, acquired Ten Oaks Commercial Capital, a finance company specializing in equipment finance and working capital loans.

With this acquisition, Kapitus is launching its equipment finance arm, in addition to its small business loan and revenue-based financing products, to accelerate support for small- and medium-sized businesses that serve various industries, including construction, manufacturing, hospitality and healthcare.

“Securing equipment finance has become increasingly difficult as both traditional and online lenders have tightened requirements, and many independent equipment finance companies have been absorbed into the banking system,” Ben Johnston, chief operating officer at Kapitus, said. “This has severely limited the options available to business owners and hampered their ability to stay competitive. Our new independent equipment finance arm will expand access to affordable and flexible financing for companies in need of acquiring critical equipment to operate.”

Kapitus aims to expand on Ten Oaks’ efforts to connect dealers and manufacturers with financing options for their customers through its new equipment provider partner program.

“Combining Kapitus’ infrastructure and balance sheet along with the origination capabilities of Ten Oaks will result in a powerful resource for customers and vendors in need of equipment financing,” Greg McIntosh, founder and president of Ten Oaks, said. “We are excited to be part of Kapitus and to grow the business to meet the demands of our customer base.”

Jon Gerson of Executive Solutions for Leasing & Finance (ESLF) and Bob Rinaldi of Rinaldi Advisory Services advised Kapitus through the acquisition process.

Kapitus plans to expand upon the vendor and direct origination channels of Ten Oaks to grow its third-party funding capabilities and begin funding transactions on balance sheet in early 2025.


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