CapX Partners, a leading middle-market equipment finance provider, announces the completion of a $27 million equipment lease facility for a rapidly growing, Midwest-based client. The facility supports the acquisition of mission-critical equipment enabling the company to continue on track with its plans for growth.
To complete the transaction, the CapX Capital Markets team engaged a peer independent equipment lessor partner to fund $15 million while CapX increased its position to $12 million, having previously successfully provided support for the business’s financing needs.
"We are pleased to be able to satisfy a client’s growth needs during Covid-19 by leveraging our Capital Markets capabilities and bringing in a trusted partner to complete the transaction” stated Jeffry Pfeffer, Managing Partner. “Our Capital Markets team, consisting of Barrett Carlson, Partner; Jeff Armstrong, Director; and Ryan Smith, Associate, worked hard to get the facility funded by end of the second quarter.”