CapX Provides $6M In Equipment Financing to Nelson Global Products
Nelson Global Products ("Nelson") designs, manufactures, and markets a broad range of fabricated high-performance OEM and aftermarket products for the global commercial vehicle, on-highway and off-highway markets and the outdoor recreational vehicle and power markets. As a leading manufacturer of aluminized tubes used in emissions, coolant, heating, air intake and muffler handling applications, Nelson provides comprehensive solutions for the high level of complexity their customers face in their markets.
CapX identified Nelson’s high potential for growth and its long-standing history of success serving a customer base of industry leading OEM clients. In order to support Nelson’s production demands, CapX provided a customized lease line of credit. This equipment lease facility will fund new automated tube bending and cutting equipment and will fulfill the Company’s need for increased production capacity. Nelson’s current expansionary goals will benefit from its new partnership with a specialized lender like CapX.
“I AM VERY PLEASED TO HAVE CAPX PARTNERS AS OUR GO TO EQUIPMENT FINANCING LENDER FOR ALL OUR NEEDS IN NORTH AMERICA. THE TEAM AT CAPX EXCEEDED MY EXPECTATIONS AT ALL LEVELS. I TRULY VALUE THE TIME AND ENERGY DEVOTED TO UNDERSTANDING OUR GLOBAL OPERATION AND ULTIMATELY DELIVERING THE FINANCIAL SOLUTIONS THAT OUR BUSINESS NEEDED. I LOOK FORWARD TO A CONTINUED PARTNERSHIP WITH CAPX PARTNERS.” Sergio Cabada, Chief Financial Officer, Nelson Global Products