Utica closed a $7 million capital lease for a Southeast-based site development and heavy civil contractor. Secured by a broad pool of heavy equipment including excavators, dozers, articulated dump trucks, wheel loaders, motor graders and compactors, the lease will support the acquisition of the company by a new ownership group. 

The company performs site preparation, earthworks and utility installation for commercial and residential development projects and carries a healthy backlog of contracted work. The existing management team and field workforce will remain in place, ensuring uninterrupted operations across active job sites and continuity of customer relationships. 

Utica's financing underscores its continued focus on delivering tailored equipment-finance solutions that support ownership transitions and long-term growth for middle-market construction and infrastructure businesses.