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Navitas Lease Corp. Opens Specialized Vehicle, Equipment Finance Divison

January 20, 2016, 07:00 AM
Filed Under: Mergers & Acquisitions

Navitas Lease Corp. announced the purchase of Liberty Financial Group, Inc. This acquisition will assist Navitas in accelerating their entry into the vocational vehicle and related equipment marketplace.

This newly created division of Navitas will help significantly expedite the ability of Navitas to expand their direct lending capabilities for vehicles in the transportation, construction, tree and landscape and other specialty industries.  Liberty Financial, headquartered in Hatfield, PA, brings a deep expertise along with a highly experienced staff and established partnerships.  Gary Shivers, the Navitas’ CEO says, “We were very fortunate to have Liberty join our growing organization.  Their collateral expertise and proven leadership team was the perfect fit for what we were looking for.  With our financing capacity, systems and infrastructure, we feel that we can be a dominant force within this market niche.”

“We have been looking for a partner like Navitas that could help Liberty capitalize on its proven ability to serve our markets and ultimately improve our small business customer experience.  Navitas provides us with the financial strength, additional products, marketing power and technology leadership that will assist us in better serving  our customers while expanding our market reach at the same time,” said Tom Madonna, President of Liberty Financial.  “The combination of our two organizations will create a very compelling financing resource for the SMB marketplace.”

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