KLC Financial acquired the portfolio and others assets of Kraus-Anderson Capital.

The acquisition provides KLC with a larger customer base of established businesses and with a greater expertise in the leasing and financing of construction equipment for businesses of all sizes.

“We’re pleased to work with KLC Financial through this transition,” said Kraus-Anderson chairman Bruce Engelsma. “The portfolio sale allows us to focus more fully on our core businesses, and we know that the KLC team is well positioned to provide KA Capital’s clients with the high level of service they have come to expect.”

KLC is a commercial equipment leasing and financing business based in Minnesota.

“We look forward to continuing to provide a high level of service to Kraus Anderson Capital’s customer base and we look forward to continuing to provide financing to the customers for many years to come,” said Marc P. Keepman, president of KLC Financial.