XS Financial is expanding into mid- to large-ticket transactions within the middle-market equipment leasing sector. This expansion follows the acquisition of XS Financial by Axar capital and Mavik Capital.

In conjunction with its expansion, XS Financial has established a capital markets buy desk. This initiative aims to strengthen relationships with other equipment finance companies and syndication partners.

“Our new capital markets buy desk represents a transformative step for XS Financial. With the strong support of Axar and Mavik, we have the financial strength and flexibility to serve as a trusted partner, helping our clients acquire the essential equipment they need to succeed at scale. We are excited to expand our relationships with sell-side syndicators and middle-market businesses,” David Kivitz, CEO of XS Financial, said. “We recognize the critical role that reliability and efficiency play in the equipment finance industry. Our enhanced capital markets capabilities enable us to provide liquidity and flexibility to our syndication partners. By streamlining our transaction processes and committing to transparent communication, we aim to build lasting relationships that create mutual value and drive industry growth.”

XS’s capital markets buy desk will be run by industry veterans Jim Bates and Michelle Bruno, who each have extensive experience funding storied credits and participating in the capital markets segment of the equipment finance industry.