We are proud and delighted to see our business grow along with the growth of the equipment-leasing industry. A healthy, responsive leasing industry provides needed liquidity to entities on the move, from start-ups to multinationals.
NORTHFIELD, Ill. (PRWEB) October 26, 2018
Brian Trebels, CEO of Equipment Leasing Group of America, LLC (ELGA), has announced the purchase of a premier portfolio of top-brand truck tractor and construction crane leases. Remaining lease terms for the trucks included in the deal average 29 months and leases for the included construction cranes average 49 months.
Said CEO Trebels: “The independent lessor in the transaction was seeking capital to fund future business in North America and was accordingly looking to sell a portion of an existing, seasoned portfolio of collateral-based leases at an attractive purchase rate. The ELGA-purchased leases principally include top-brand, high-performance trucks and construction cranes across 22 states.”
Among the truck brands included among the leases are Kenworth, Peterbilt, International, and Volvo. The leases also include top-brand construction cranes from Terex, Manitex, National, and Altec. The portfolio includes 79 leases.
Added Brian Trebels: “This is a big step forward for our company. We are proud and delighted to see our business expand along with the growth of the equipment-leasing industry. A healthy, responsive leasing industry provides needed liquidity to entities on the move, from start-ups to multinationals, who can acquire through equipment leasing the fleets and other mobile assets they need to build, grow and prosper without the crush of large initial cash outlays.”
Equipment Leasing Group of America, LLC (ELGA), was formed by veterans of the leasing industry with over 40 years combined experience in creating custom equipment solutions. Where other lenders fail to meet needs, ELGA provides equipment finance solutions for A, B and structured credit profiles. As an independent financing partner, ELGA is uniquely suited to serve the needs of middle-market businesses. Leases from ELGA have included enterprise software and assembly-line equipment for manufacturers, high-end diagnostic and surgical-suite equipment for healthcare providers, and conventional construction equipment such as trucks, construction cranes, excavators and bulldozers.