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Ascentium Launches Finance Program With Wayne Fueling Systems

May 08, 2015, 07:07 AM
Filed Under: Vendor Finance News

Wayne Fueling Systems, a global provider of fuel dispensing, payment, automation and control technologies for retail and commercial fuel stations, has joined forces with Ascentium Capital to offer convenience-store and fuel retail customers equipment finance options for Wayne products, technologies and services, and setup costs.

"As part of our business strategy, we are choosing to work with leaders in the industry to provide our customers the best retail fuel technology," said Bill Reichhold, Wayne's vice president of North America. "We are pleased to collaborate with Ascentium Capital on this initiative to give our customers another option to purchase our industry leading products and services."

Fuel retailers in the United States are eligible for this financing at competitive rates for products such as the Wayne Ovation2 fuel dispenser, Wayne Helix fuel dispenser, Wayne Fusion site automation server, payment upgrades, media programs, services, Wayne Genuine Parts and more.

Through same-day financing and Ascentium Capital's consultative approach, the company will tailor terms to the client's specific cash flow needs.

"Ascentium Capital is focused on providing solutions that enhance growth and profitability. It is rewarding to see our organizations come together and develop a finance offering focused on the success of Wayne Fueling Systems," said Tom Depping, CEO at Ascentium Capital.

"This new financing option allows our customers the opportunity to take advantage of newer equipment and innovative technologies, preparing the site for the future without interrupting cash flow," said Dave LaCaille, Wayne's director of U.S. distribution and national accounts.

"Our unique credit platform allows us to meet the strategic business requirements for Wayne Fueling Systems, their distribution channel, jobbers and the retailers that they service. We anticipate many shared successes," said Len Baccaro, senior vice president of sales at Ascentium Capital.

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