Post Road Equipment Finance completed two key transactions in the automotive industry.
In the first transaction, Post Road finalized a $12 million new lease financing facility with a global manufacturing company that engineers and produces complex components for the automotive, industrial and medical end markets. This investment will assist the company with the acquisition of a diverse array of metal-working, inspection and assembly equipment. The new equipment will be essential to the company’s operations by increasing operational efficiency, reducing costs and driving production to new levels.
Additionally, Post Road established a $15 million lease line for a producer of cast iron components in the automotive industry. This investment will finance new casting manufacturing and automation equipment, which will play a crucial role in enhancing the company’s production capabilities and increasing safety.
“The Post Road team and I are excited to build on our company’s long-standing presence in the manufacturing and industrials sectors with these two new relationships. We are thrilled to support the growth and advancement of both companies,” Peter Carpenter, managing director at Post Road, said. “Our team’s experience in underwriting and structuring transactions for companies in the auto industry, which has faced various headwinds over the past few years, was pivotal in building the right solution. I look forward to working with both customers for many years to come.”
Post Road was represented by Reed Smith.
