LeaseQ, an online equipment financing marketplace, acquired Noesis, an equipment leasing marketplace for financing energy-saving commercial building improvements, based in Austin, TX. Noesis, now a business unit of LeaseQ, will serve as LeaseQ’s Austin presence.

“To succeed in a vertical market, you need deep industry expertise, and we’ve found that in Noesis,” said Vernon Tirey, co-founder and CEO of LeaseQ. “By acquiring the leader in building equipment financing, we are able to better serve building equipment manufacturers, distributors, contractors and their customers. Noesis has also developed powerful proprietary sales tools that helps equipment sellers articulate the value and benefits of purchasing new equipment, and LeaseQ can leverage those tools across other equipment vertical market categories to grow combined business more rapidly and efficiently.”

Noesis is a source for financing of commercial building equipment, like LED lighting, HVAC systems, commercial refrigeration and building controls. LeaseQ’s network of more than 300 lenders, instant quotes and real-time credit approval will enhance the Noesis customer experience with higher approval rates, lower interest rates and improved deal close rates.

“LeaseQ is a company with strong financial backing that brings scale and resources to our vertical market,” said Scott Harmon, CEO of Noesis. “We share the same vision to revolutionize the equipment finance industry one vertical at a time. Joining LeaseQ allows us to take advantage of the groundbreaking work that Vernon and his team have done, and to leverage those innovations in our vertical.”

Current Noesis customers will experience no changes to Noesis software, services or account managers, but will receive access to additional LeaseQ features over time. LeaseQ plans to expand both its sales and funding teams to support the companies’ combined growth, and to maintain Noesis’ Austin office.

Tirey will serve as CEO of the combined businesses. Harmon will assume a position as strategic advisor.