NFS Leasing Partners With Starlite Media For New Regional Markets
MAR 11, 2020 - 6:25 am
NFS Leasing and Starlite Media have partnered to fund two new credit facilities. NFS Leasing specializes in complex equipment financing deals and had previously provided financing to Starlite in 2018.
Starlite Media will now expand its digital arm into markets such as Los Angeles, Chicago and Philadelphia. In addition to the new credit facilities, NFS Leasing will also assume a board position with Starlite Media.
“This was a great opportunity for NFS and I am glad our team was able to get it done,” says David DePamphilis, executive vice president at NFS Leasing. “NFS specializes in finding creative financial solutions beyond a typical line of credit and we recognized the opportunity Starlite had and wanted to find a way to partner with them. Fortunately, Starlite was just as motivated as us which really helped solidify this relationship. I am also very proud to be joining Starlite’s board and to be a part of their vision, execution, and success.”
Starlite Media LLC is a digital media disruptor specializing in large format, high impact digital signs.
“This additional funding offers a unique and exciting growth opportunity for Starlite. This capital will help us unlock our growth and we will fuel that growth by a soon to be announced partnership that will also provide direct access to integrated marketing programs, while offering third-party verified measurement,” states Starlite’s chief digital officer, Dave Kelshaw. “Working with the NFS Team has been great for Starlite’s growth. To find a financial partner that is invested in the company beyond the balance sheets and financial reports builds a relationship with trust from both sides.”
The COVID-19 pandemic has forced many lenders in the equipment finance industry to pivot their strategies to the online or digital environment. This may include payment modifications, self-service capabilities and increased bandwidth for online transactions. The equipment finance industry has... read more
David Lee began his career as an investment banker and evolved into the private equity space, culminating in the management of a large alternative investment hedge fund. In 2012, his investor group acquired Equilease and rebranded it North Mill Equipment... read more