There is a real void in the market when it comes to financing options that cater to the specific needs of water utilities and the organizations that serve them. - Brian DePonte, SVP, innovation markets, Key Equipment Finance.
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Superior, CO (PRWEB) May 12, 2014
Key Equipment Finance, one of the nation’s largest bank-held equipment finance companies and an affiliate of KeyCorp (NYSE: KEY), today announced that the company now offers flexible finance options for organizations in the water and wastewater industries.
Key Equipment Finance will provide financing solutions for water utilities and public works departments, equipment manufacturers in the water industry, and engineering companies that are focused on water. Key Equipment Finance added water and wastewater to the list of markets it serves in order to address problems caused by the nation’s aging water utility infrastructure. The company will offer flexible financing for all types of equipment, including water meters, pumps, filtration and treatment, and other water and wastewater products and services.
“A recent report from the American Water Works Association shows that the condition of our nation’s water and wastewater infrastructure is the single biggest concern facing water professionals today, and financing capital projects comes in close behind as the third most pressing issue,” said Brian DePonte, senior vice president of innovation markets at Key Equipment Finance and head of the water finance team. “There is a real void in the market when it comes to financing options that cater to the specific needs of water utilities and the organizations that serve them. With more than four decades of equipment finance experience and individual team members who have first-hand experience with the water industry, we are perfectly positioned to help fill this void.”
For more information about Key Equipment Finance’s financing options for the water industry, visit http://www.kefonline.com or contact Brian DePonte at brian.d.deponte(at)key(dot)com.
About Key Equipment Finance
Key Equipment Finance has been in the equipment finance business for 41 years and is one of the largest bank-based equipment finance providers in the U.S. The company provides tailored equipment lease and finance solutions for commercial clients and government entities. Through its manufacturer and vendor alliances unit, equipment finance programs are developed for manufacturers, distributors and resellers.
Key Equipment Finance’s specialty finance group includes a lease capital markets team to support corporations looking to optimize risk and revenue, and a lender finance team, which provides structured facilities to various sectors of the specialty finance market. Headquartered outside Denver, Colorado, Key Equipment Finance manages $9.1 billion in assets and originates $4.3 billion of equipment financing annually. For more information, visit http://www.keyequipmentfinance.com.
KeyCorp (NYSE: KEY) was organized more than 160 years ago and is headquartered in Cleveland, Ohio. One of the nation's largest bank-based financial services companies, Key had assets of approximately $90.8 billion on March 31, 2014. Key provides deposit, lending, cash management and investment services to individuals, small and medium-sized businesses under the name of KeyBank National Association. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.