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CapX Partners Completes $6MM Equipment Lease to Manufacturer

August 20, 2020, 07:15 AM
Filed Under: Manufacturing

CapX Partners, a middle-market equipment finance provider, announced the completion of a $6 million true lease transaction to a well-established manufacturing company for a critical upgrade to its plant in the Northeast.

A trusted Capital Markets partner presented the transaction to CapX as a critical tranche for a $38 million plant upgrade.

“We appreciated the opportunity to help fulfill syndication needs on the transaction,” stated Jeffry Pfeffer, Managing Partner. “Despite the current challenging environment, we were able to move quickly to approve and fund in the second quarter.”

CapX Partners, part of Accord Financial, provides equipment finance and term debt solutions to middle-market companies seeking growth and liquidity. Founded in 1999, CapX invests between $1 million and $30 million across manufacturing, distribution, technology, energy and healthcare sectors throughout the U.S. and Canada.

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