TEQlease Capital hired Chris Stout as managing director of public finance. Stout will lead TEQlease Capital’s public equipment finance business, including federal, state and local taxable and tax-exempt equipment financing. Stout’s addition will complement TEQlease Capital’s existing commercial and education teams.

Prior to joining TEQlease Capital, Stout, a 20-year public equipment finance veteran, held several roles in which he developed and oversaw portfolios of lease financing transactions with federal, state and local government agencies, and created financing solutions “whole cloth” to program specific requirements for government agencies and contractors servicing those agencies.

“We welcome Chris to the TEQlease team and are excited to add Chris’ wealth of expertise,” Mike Lockwood, president of TEQlease Capital, said. “Chris will complement our existing public education equipment finance business and allow TEQlease to broaden our offerings to our vendor partners”.

Since 2000, TEQlease Capital has specialized in providing equipment lease financing solutions for businesses, educational institutions, and federal, state and local governments, as well as offering equipment manufacturer and vendor finance programs.