A leading privately held commercial landscape services company was in the midst of refinancing its banking relationship and wanted to diversify its debt capital sources for future growth. According to the 2016 Landscaping Maintenance Industry Pulse report, landscape professionals are reporting both stability and growth. Seven in 10 companies report they’ll meet or beat their annual revenue goals this year, anticipating an average growth of 16 percent in 2016 over last year.
CapX was able to efficiently underwrite an equipment lease line of credit for the company as they refinanced their senior bank facilities. CapX’s true lease structure alleviated the need for inter-creditor agreements and other collateral reliance that would normally be prohibitive to making an efficient banking relationship transition. In addition, few traditional lenders are comfortable with dispersed collateral at third party locations. As a leading equipment finance provider to middle market companies, CapX understands the importance of mission critical assets.
“CapX excels in providing growth capital for clients whose assets are widely dispersed. We capably filled the financing need their new bank preferred to not provide. When we recognize an opportunity to work with an industry leader like our new client, we go all out to support their success.”
- Jeffry Pfeffer, Managing Partner at CapX Partners